Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $190,800, how many
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Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $190,800, how many dollars of revenue must the company generate in order to reach the break-even point?
Contribution MarginContribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...
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Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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