Holly Inc.sells a single product for $40.Variable costs include $22 for each unit plus a 10% sales commission.Fixed costs are $105,000 per month.
a.What is the contribution margin percentage?
b.What is the breakeven sales revenue?
c.What sales revenue is needed to achieve a $140,000 per month profit?
Correct Answer:
Verified
b...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q106: Graham Corp.sells two products.Product A sells for
Q107: Forge,Inc.is trying to decide whether to increase
Q108: Juniper had revenues of $450,000 in March.Fixed
Q109: Nora Inc.sells a single product for $15.Variable
Q110: Friar Corp.sells two products.Product A sells for
Q112: Halifax Products sells a product for $75.Variable
Q113: Graham Corp.sells two products.Product A sells for
Q114: Raven Inc.sells a single product for $45.Variable
Q115: Portia Company is a retailer of hammers.Portia
Q116: Duncan had revenues of $900,000 in March.Fixed
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents