Canoes sell for $520 each. Expect to sell 810 canoes Variable Costs are $143 Total Fixed Costs are $143,880 Break Even Units = 382 canoes Break Even Sales Revenue: (Round Final Answer to nearest whole number)

Canoes sell for $520 each. Expect to sell 810 canoes Variable Costs are $143 Total Fixed Costs are $143,880 Break Even Units = 382 canoes Break Even Sales Revenue: (Round Final Answer to nearest whole number)

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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Question

Canoes sell for $520 each.

Expect to sell 810 canoes

Variable Costs are $143

Total Fixed Costs are $143,880

Break Even Units = 382 canoes

Break Even Sales Revenue: (Round Final Answer to nearest whole number)

$143,880

$520-$143

$520 = 72.5X100=72.50%

$143,880/72.50%=1984.5517

Break Even Sales =1,985?

Expert Solution

Step 1

Contribution margin per unit = Selling price - Variable cost

Contribution margin per unit = $520 - $143

Contribution margin per unit = $377

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