Eastland Corp. had total variable costs of $173,950, total fixed costs of $118,000, and total revenues of
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Question:
Eastland Corp. had total variable costs of $173,950, total fixed costs of $118,000, and total revenues of $245,000.
Calculate contribution margin ratio.
Contribution margin ratio
%
Compute the required sales in dollars to break even.(Round answer to 0 decimal places, e.g. 15.)
Required sales$
Expert Answer:
First lets calculate the contribution margin by subtracting the total variable costs from the total ... View the full answer
Related Book For 
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1119036432
7th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
