x C Accounting question Ch WileyPLUS Secure httpsedugen

x C Accounting question | Ch WileyPLUS . ? ? Secure | https://edugen.wileyplus.com/edugen/lti/main.uni Assignment > Open Assignment CALCULATOR PRINTER VERSION RACK NFXT ASSIGNMENT RESOURCES Brief Exercise 19-3 CH 19 HW Eastland Corp. had total variable costs of $170,612, total fixed costs of $112,600, and total revenues of $250,900 Calculate contrlbution margin ratlo Contribution margin ratio Rrief Fxercise 19-6 Brief Exercise 19-1 LINK 10 TLXI INTERACTIVE TUTORIAL Compute the required sales in dollars to break even. (Round answer to 0 decimal places, e.g. 15.) Required sales Click if you would like to Show Work for this question: Open Show Work rief Brief Exercise 19-14 9- LINK TO TEXT INTERACTIVE TUTORIAL Objective By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 4 used SAVL TOR LATLR SUBMII ANSWER Earn Maximum Points available only if you answer thls question correctly In three attempts orles y & SnsInG. All Rights Reserved, A Division of Version 4.24.6.2 :11 PM 6/11/2018 2

Solution

1) Contribution margin ratio = (Total revenues - Total variable costs) / Total revenues = ($250,900 - $170,612) / $250,900 = 32%

2) Required sales = Fixed costs / Contribution margin ratio = $112,600 / 0.32 = $351,875