Pistone Industries is planning to purchase a new piece of equipment that will increase the quality of
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Pistone Industries is planning to purchase a new piece of equipment that will increase the quality of its production. It hopes the increased quality will generate more sales. The company’s contribution margin ratio is 30%, and its current break-even point is $500,000 in sales revenue. If Pistone Industries’ fixed expenses increase by $50,000 due to the equipment, what will its new break-even point be (in sales revenue)?
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To calculate the new breakeven point we need to take into account the additional fixed expenses resu...View the full answer
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John Kimani
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Related Book For 
Managerial Accounting
ISBN: 9780135443446
4th Canadian Edition
Authors: Karen Braun, Wendy Tietz, Louis Beaubien
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