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Concord Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 70% for Sporting Goods and 30% for Sports Gear, as determind by total sales dollars. Concord incurs $3900000 in foxed costs. The contribution margin ratio for Sporting Goods is 20%, while for Sports Gear it is 40%. What will be the total contribution margin at the break-even point? O $2730000 O $1560000 O $2982353 O $3900000

Concord Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 70% for Sporting Goods and 30% for Sports Gear, as determind by total sales dollars. Concord incurs $3900000 in foxed costs. The contribution margin ratio for Sporting Goods is 20%, while for Sports Gear it is 40%. What will be the total contribution margin at the break-even point? O $2730000 O $1560000 O $2982353 O $3900000

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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Concord Corporation has two divisions: Sporting Goods and Sports Gear. The sales mix is 70% for Sporting Goods and 30% for Sports Gear, as determind by total sales dollars. Concord incurs $3900000 in fixed costs. The contribution margin ratio for Sporting Goods is 20%, while for Sports Gear it is 40%. What will be the total contribution margin at the break-even point? O $2730000 O $1560000 O $2982353 Ⓒ$3900000
Transcribed Image Text:Concord Corporation has two divisions: Sporting Goods and Sports Gear. The sales mix is 70% for Sporting Goods and 30% for Sports Gear, as determind by total sales dollars. Concord incurs $3900000 in fixed costs. The contribution margin ratio for Sporting Goods is 20%, while for Sports Gear it is 40%. What will be the total contribution margin at the break-even point? O $2730000 O $1560000 O $2982353 Ⓒ$3900000
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