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Discussions WP 0.5/1 Conferences Collaborations Question 4 View Policies Show Attempt History Current Attempt in Progress Acc
WP Your answer is correct What is Ivanhoes annual breakeven point in sales dollars? (Use the rounded contribution margin rat
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Answer #1
New prices
Sale price $45.00 $49.95 (45*1.11)
Variable cost $18.45 $20.25 (45*45%)
Contribution $26.55 $29.70
Fixed Cost $1,416,000 $1,576,800 (118,000+13,400)*12
Contribution margin 59.00% 59.46%
Breakeven sales $2,651,891

*If you face any difficulty please let me know in the comment section. Difference in answer can be due to rounding off of Contribution margin. Please give your valuable feedback if you are satisfied with my answer.

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