A company had revenues of $452,000 in March. Fixed costs in March were $265,320, and profit was $33,000. Required: a. What was the contribution margin ratio? b. What monthly sales volume (in dollars) would be needed to break even? c. What was the margin of safety for March? Complete this question by entering your answers in the tabs below. Required A Required B Required C What was the contribution margin ratio? Contribution Margin % < Required A Required B >
A company had revenues of $452,000 in March. Fixed costs in March were $265,320, and profit was $33,000. Required: a. What was the contribution margin ratio? b. What monthly sales volume (in dollars) would be needed to break even? c. What was the margin of safety for March? Complete this question by entering your answers in the tabs below. Required A Required B Required C What was the contribution margin ratio? Contribution Margin % < Required A Required B >
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter7: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 42E: Sales Revenue Approach, Variable Cost Ratio, Contribution Margin Ratio Arberg Companys controller...
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