managerial accounting
posted by jenny .
. (TCO 4) Paschal’s 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 breakeven 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, Paschal’s 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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