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A company had revenues of $452,000 in March. Fixed costs in March were $265,320, and profit was $33,000. Required: a. What was the contribution margin ratio? b. What monthly sales volume (in dollars) would be needed to break even? c. What was the margin of safety for March? Complete this question by entering your answers in the tabs below. Required A Required B Required C What was the contribution margin ratio? Contribution Margin % < Required A Required B >

A company had revenues of $452,000 in March. Fixed costs in March were $265,320, and profit was $33,000. Required: a. What was the contribution margin ratio? b. What monthly sales volume (in dollars) would be needed to break even? c. What was the margin of safety for March? Complete this question by entering your answers in the tabs below. Required A Required B Required C What was the contribution margin ratio? Contribution Margin % < Required A Required B >

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company had revenues of $452,000 in March. Fixed costs in March were $265,320, and profit was $33,000. Required: a. What was the contribution margin ratio? b. What monthly sales volume (in dollars) would be needed to break even? c. What was the margin of safety for March? Complete this question by entering your answers in the tabs below. Required A Required B Required C What was the contribution margin ratio? Contribution Margin % < Required A quired B >
Transcribed Image Text:A company had revenues of $452,000 in March. Fixed costs in March were $265,320, and profit was $33,000. Required: a. What was the contribution margin ratio? b. What monthly sales volume (in dollars) would be needed to break even? c. What was the margin of safety for March? Complete this question by entering your answers in the tabs below. Required A Required B Required C What was the contribution margin ratio? Contribution Margin % < Required A quired B >
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