Brief Exercise 5-9 Sheridan Corp. had total variable costs of $189,100, total fixed costs of $111,150,...

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Brief Exercise 5-9 Sheridan Corp. had total variable costs of $189,100, total fixed costs of $111,150, and total revenues of

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Answer 1

Answer #1

Required Sales = $285,000

Explanation

Contribution margin ratio = (Total revenues - variable costs) / Total revenues

=(310,000 - 189,100) / 310,000

= 39%

Required Sales in dollars to break even = Fixed cost / Contribution margin ratio

= 111,150 / 39%

= $285,000

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Answer 2

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Add Answer to: Brief Exercise 5-9 Sheridan Corp. had total variable costs of $189,100, total fixed costs of $111,150,...

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