Question: A company has fixed costs of $80,000. Its contribution margin ratio is 40% and the product sells for $55 per unit. What is the company's

A company has fixed costs of $80,000. Its contribution margin ratio is 40% and the product sells for $55 per unit. What is the company's break-even point in dollar sales?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!