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 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Need A,B,C please
![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: _____%
[Button: Required A] [Button: Required B]
Note: The image does not contain diagrams or graphs, only text and interactive elements for inputting answers.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f861ae4-73ff-4661-bc40-30548561b517%2F726ecc8e-372d-47d1-87bc-5e8cd0a29da7%2F20fduul_processed.jpeg&w=3840&q=75)
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: _____%
[Button: Required A] [Button: Required B]
Note: The image does not contain diagrams or graphs, only text and interactive elements for inputting answers.
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