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Virty [35]
3 years ago
6

Lake stevens marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30.

Business
1 answer:
Leni [432]3 years ago
4 0

$500,000

Break even =(fixed costs - contribution margin)

Contribution margin is Price of item- variable costs ($1- 30 cents/per item=.7)

$350,000/.7 = $500,000

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