In March, Roland had revenues of $612,000 fixed costs of $199,260, and a profit of $51,660. Answer the following questions: Required: a. What was the contribution margin ratio? b. What monthly sales volume (in dollars) would be needed to break even? c. What sales volume (in dollars) would be needed to earn $162,360?

In March, Roland had revenues of $612,000 fixed costs of $199,260, and a profit of $51,660. Answer the following questions: Required: a. What was the contribution margin ratio? b. What monthly sales volume (in dollars) would be needed to break even? c. What sales volume (in dollars) would be needed to earn $162,360?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 3DQ: Suppose a company finds that shipping cost is 3,560 each month plus 6.70 per package shipped. What...

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