Iverson, Inc. has $1,218,000 of sales revenue, $684,000 of variable costs, and $686,000 of fixed costs...

 

Transcribed Image Text:

Iverson, Inc. has $1,218,000 of sales revenue, $684,000 of variable costs, and $686,000 of fixed costs in 2023. Assuming the contribution margin percentage stays the same in 2024, what will the break even point (in sales dollars) be? Iverson, Inc. has $1,218,000 of sales revenue, $684,000 of variable costs, and $686,000 of fixed costs in 2023. Assuming the contribution margin percentage stays the same in 2024, what will the break even point (in sales dollars) be?

Answer rating: 100% (QA)

To find the breakeven point in sales dollars you can use the contribution margin The contribution ma... View the full answer