In March, Roland had revenues of $604,000 fixed costs of $228,620, and a profit of...

60.1K

Verified Solution

Question

Accounting

In March, Roland had revenues of $604,000 fixed costs of $228,620, and a profit of $49,220. Answer, the following questions:
Required:
a. What was the contribution margin ratio?
b. What monthly sales volume (in dollars) would be needed to break even?
c. What sales volume (in dollars) would be needed to earn $179,860?
Complete this question by entering your answers in the tabs below.
Required A
Required C
What sales volume (in dollars) would be needed to earn $179,860?
Total Sales Volume
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students