A company has total fixed costs of $180,000 and a contribution margin ratio of 40%. How much sales revenue is necessary to break even?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 6MC: If a company has fixed costs of $6.000 per month and their product that sells for $200 has a...
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i want to this question answer general accounting question

A company has total fixed costs of $180,000 and a contribution
margin ratio of 40%. How much sales revenue is necessary to break
even?
Transcribed Image Text:A company has total fixed costs of $180,000 and a contribution margin ratio of 40%. How much sales revenue is necessary to break even?
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