Domestic Concord Corporation has two divisions: Sporting Goods and Sports Gear. The sales mix is 70% for Sporting Goods and 30% for SportsGear, as determind by total sales dollars. Concord incurs $3900000 in fixed costs. The contribution margin ratio for Sporting Goods is20%, while for Sports Gear it is 40%. What will be the total contribution margin at the break-even point?O $2730000O $1560000O $2982353Ⓒ$3900000

At Break-Even point Total fixed cost = Total Contribution margin. Contribution margin = Sales -…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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