Answer:
The contribution margin it's determined by the total amount of Gross Profit divided by the total value of sales.
Profit = $405,000
Sales = 11,250×106 =$1,192,500
Therefore contribution margin ratio = ($405,000/$1,192,500) = 0.34
The Break Even point is given thus;
Fixed cost = 25 × 11250 =$281,250
Break-even point = Fixed costs ÷ contribution ratio
= $281,250/0.34 = $827,205.88
To calculate the x-intercept of a line written in standard form you simply remove the "y" and solve for x. And you remove the "x" when solving for y.
y=0 , solve for x
x=0 , solve for y
Here is an example: (solving for x)
2x + 3y = 6
2x + 3(0) = 6
2x = 6
2x/2 = 6/2
x = 3
Here is an example: (solving for y)
2x + 3y = 6
2(0) + 3y = 6
3y = 6
3y/3 = 6/3
y = 2
Answer: $1750
Step-by-step: see the picture
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X=numerator
fraction=x/16
x / 16=3/4
x=16(3/4)
x=(16*3)/4
x=12
fraction=12/16
To check:
12/16=0.75
3/4=0.75
