PQR company sells two products. The total fixed expenses of the company are 1,197,000. The monthly data of PQR is as follows:
| Products |
| Product A |
Product B |
Total |
| Sales |
$1,400,000 |
$600,000 |
$2,000,000 |
| Contribution margin ratio |
60% |
70% |
? |
Required:
- Prepare contribution margin income statement for the company.
- Calculate break-even point in dollars.