1 answer

Sheridan Corp. had total variable costs of $189,100, total fixed costs of $111,150, and total revenues...

Question:

Sheridan Corp. had total variable costs of $189,100, total fixed costs of $111,150, and total revenues of $310,000. Compute t

Sheridan Corp. had total variable costs of $189,100, total fixed costs of $111,150, and total revenues of $310,000. Compute the required sales in dollars to break even. Required sales s

Answers

Contribution margin=Sales-Variable cost  

=(310,000-189100)=$120900

Contribution margin ratio=Contribution margin/Sales

=120900/310,000=0.39

Breakeven=Fixed expenses/Contribution margin ratio

=(111,150/0.39)

=$285000

.

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