1 answer

L3 Enterprises, Inc. has provided the following contribution format income statement. Assume that the following information...

Question:

L3 Enterprises, Inc. has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (4,000 units) $ 240,000
Variable expenses 156,000
Contribution margin 84,000
Fixed expenses 81,900
Net operating income $ 2,100

The break-even point in dollar sales is closest to:

$156,000

$0

$237,900

$234,000


Answers

Contribution margin ratio=Contribution margin/Sales

=84000/240,000

=0.35

Breakeven=Fixed expenses/Contribution margin ratio

=81900/0.35

=$234000

.

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