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dexar [7]
3 years ago
7

The contribution margin ratio of Candle Corporation's only product is 65%. The company's monthly fixed expense is $455,300 and t

he company's monthly target profit is $41,300. Required: Determine the dollar sales to attain the company's target profit. (Round your answer to the nearest whole dollar amount.)
Business
1 answer:
adelina 88 [10]3 years ago
3 0

Answer:

Break-even point in dollars= $764,000

Explanation:

Giving the following information:

The contribution margin ratio of Candle Corporation's only product is 65%.

The company's monthly fixed expense is $455,300.

The target profit is $41,300.

Break-even point in dollars= (fixed costs + profit)/contribution margin ratio

Break-even point in dollars= (455300+41300)/0.65

Break-even point in dollars= $764,000

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