Last month Dexter Company had a $20,350 loss on sales of $175,000. Fixed costs are $85,100...
Last month Dexter Company had a $20,350 loss on sales of $175,000. Fixed costs are $85,100 a month. By how much do sales have to increase for Dexter to break even? Multiple Choice $64,750 $55,000 $85,100 $105,450
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Please find the answer below.
Statement showing computation:
Contribution= fixed cost-loss
Contribution= 85100-20350= 64750
Contribution margin= contribution/sales*100
Contribution margin= 64750/175000*100= 37%
Breakeven sales= Fixed cost/contribution margin
Breakeven sales= 85100/0.37= 230000
Sales to increase= 230000-175000= 55000
So correct answer is $55000
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