The following information pertains to Tiller Co.: Sales $ 710,000 Variable Costs 213,000 Fixed Costs 28,700...
The following information pertains to Tiller Co.:
| Sales | $ | 710,000 |
| Variable Costs | 213,000 | |
| Fixed Costs | 28,700 | |
What is Tiller's break-even point in sales dollars? (CPA adapted)
(Round intermediate calculation to 2 decimal
places)
Multiple Choice
-
$241,700.
-
$41,000.
-
$213,000.
-
$28,700.
Homework Answers
Contribution margin=Sales-Variable cost
=(710,000-213,000)=$497,000
Contribution margin ratio=Contribution margin/Sales
497,000/710,000=0.7
Breakeven=Fixed expenses/Contribution margin ratio
=(28700/0.7)
=$41000
Add Answer to:
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