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3 years ago

Data concerning Farm Corporation's single product appear below:

Business

1 answer:

scoundrel [369]3 years ago

7 0

Answer:

$221,000

Explanation:

Breakeven Point is the level of Sales where business has no profit no loss. At this level of sales the business covers all the varible and fixed expenses.

Contribution margin = Selling Price - Variable cost

Contribution margin = $290 - $78.3

Contribution margin = $211.70

Contribution margin Ratio =

Contribution margin Ratio = Contribution margin / Sales

Contribution margin Ratio = $211.70 / $290

Contribution margin Ratio = 0.73 = 73%

Breakeven Point = Fixed Cost / Contribution margin ratio

Breakeven Point = $161,330 / 73%

Breakeven Point = $221,000

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The solution of the given query is provided below in the explanation segment.

Explanation:

(a)

The diagram according to the given query is attached below.

(b)

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