If a product sells for $22, variable costs are $12 and fixed costs are $300,000, what would total sales have to be in or...
If a product sells for $22, variable costs are $12 and fixed costs are $300,000, what would total sales have to be in order to break-even?
Multiple Choice
-
$3,000,000
-
$660,000
-
$300,000
-
$360,000
Homework Answers
Contribution margin=Sales-Variable cost
=22-12=$10 per unit
At breakeven;Total contribution margin=Total fixed costs=$300,000
Hence sales units=(300,000/10)
=30,000 units.
=(30,000 units*$22)
=$660,000
Add Answer to:
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(Round intermediate calculation to 2 decimal places,
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