Genevieve Co.Odessa Co.P50,00040%Fixed costsP70,00052%Contribution margin ratio13. The Genevieve Co. 's break-even points are Genevieve Co, and Odessa Co.sell the same product in acompetitive industry. Thus theselling price of the product foreach company is the same.Other data about the twocompanies are as follows: *

Formula: Break even point in sales = Fixed cost / Contribution margin ratio

Answered: Genevieve Co, and Odessa Co. sell the…

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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Genevieve Co, and Odessa Co. sell the same product in a competitive industry. Thus the selling price of the product for