Homework Answers
Contribution Margin Ratio = (Selling Price - Variable Cost ) / Selling Price
= ( $ 22 - $ 14.30) / $ 22*100
= 0.35
Break- Even in Sales Dollars = Fixed expenses / Contribution Margin Ratio
= $ 420,000 / 0.35
= $ 1,200,000
Hence the correct answer is $ 1,200,000
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