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Homework Help: managerial accounting

Posted by jenny on Wednesday, October 12, 2011 at 2:25am.

. (TCO 4) Paschalís Parasailing Enterprises has estimated that fixed costs per month are $115,600 and variable cost per dollar of sales is $0.38. This means that the contribution margin ratio is 62 percent.

(a) What is the break-even point per month in sales dollars?
(b) What level of sales in dollars is needed for a monthly profit of $67,000?
(c) For the month of August, Paschalís anticipates sales of $585,000. What is the expected level of profit in dollars?

I am stuck on the letter a.

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