Ace Machinery showed the following operating budget for the next year Complete parts (a) through (d) below Each scenario is independent Sales $2.200,000 Fixed cost $1,400,000 700,000 Total variable cost Total cost 2,100,000 Net income $100 000 (a) Calculate the contribution margin and contribution rate The contribution margin is $ (Round to the nearest dollar as needed) Queition Viewer The contribution rate is (Round to four decimal places as needed) (b) How much does Ace Machinery need to sell to break even? Ace Machinery needs to sel s

Ace Machinery showed the following operating budget for the next year Complete parts (a) through (d) below Each scenario is independent Sales $2.200,000 Fixed cost $1,400,000 700,000 Total variable cost Total cost 2,100,000 Net income $100 000 (a) Calculate the contribution margin and contribution rate The contribution margin is $ (Round to the nearest dollar as needed) Queition Viewer The contribution rate is (Round to four decimal places as needed) (b) How much does Ace Machinery need to sell to break even? Ace Machinery needs to sel s

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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