A diner has a contribution margin ratio of 17%. If fixed costs are S176,800, how many dollars

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A diner has a contribution margin ratio of 17%. If fixed costs are S176,800, how many dollars of revenue must the diner generate in order to reach the break-even point?
A) $282,880
B) $1,040,000
C) $1,060,800
D) $1,105,000
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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