Crane Company expects to sell 520000 units for $6 per unit. The contribution margin ratio is 20%. If Crane will break even at this level of sales, fixed costs are O $624000. O $208000. O $2496000. O $104000.
Crane Company expects to sell 520000 units for $6 per unit. The contribution margin ratio is 20%. If Crane will break even at this level of sales, fixed costs are O $624000. O $208000. O $2496000. O $104000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Crane Company expects to sell 520000 units for $6 per unit. The contribution margin ratio is 20%. If Crane will break even at this level
of sales, fixed costs are
O $624000.
O $208000.
O $2496000.
O $104000.
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