Required Sales = $285,000
Explanation
Contribution margin ratio = (Total revenues - variable costs) / Total revenues
=(310,000 - 189,100) / 310,000
= 39%
Required Sales in dollars to break even = Fixed cost / Contribution margin ratio
= 111,150 / 39%
= $285,000
Brief Exercise 5-9 Sheridan Corp. had total variable costs of $189,100, total fixed costs of $111,150,...
Sheridan Corp. had total variable costs of $189,100, total fixed costs of $111,150, and total revenues of $310,000. Compute the required sales in dollars to break even. Required sales s
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