The selling price per unit is $20, contribution margin ratio is 70% and fixed costs...

50.1K

Verified Solution

Question

Accounting

The selling price per unit is $20, contribution margin ratio is 70% and fixed costs are $7,000. What are the number of units required to be sold to break even? Round the units to whole amounts if necessary.

245 units

Not enough information to calculate

1,000 units

500 units

350 units

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