In the United States, the money supply (M1) includes Group of answer choices coins, paper currency, checkable deposits, and cred
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Answer:
Break even point in dollars = $28,000
Explanation:
We know Sales - Variable Cost = Contribution
Thus, if we are provided that Variable expenses = 65% then contribution = 100 - 65 = 35%
Also provided selling price per unit = $28
Contribution Therefore = $28 35% = $9.80
Break even point in dollars =
Here, fixed cost = $9,800
Contribution margin = 35%
Putting values in above formula we have,
Break even point in dollars =