Question: Nora Inc. sells a single product for $25. Variable costs include $8.75 for each unit plus a 10 % sales commission. Fixed costs are $162,250

 Nora Inc. sells a single product for $25. Variable costs include

Nora Inc. sells a single product for $25. Variable costs include $8.75 for each unit plus a 10 % sales commission. Fixed costs are $162,250 per month. a. What is the contribution margin percentage? 55% Contribution Margin b. What is the break-even sales revenue? Break-Even Sales Revenue 295,000 c. What sales revenue is needed to achieve a $120,450 per month profit? Total Sales Revenue Needed

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!

Q:

\f