Solved: The contribution margin ratio for sporting goods is 30, Accounting Basics

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The contribution margin ratio for sporting goods is 30

Question - Fields Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Fields incurs $2,220,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. The break-even point in dollars is

$821,400.

$5,162,791.

$5,550,000.

$6,000,000.

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Accounting Basics: The contribution margin ratio for sporting goods is 30

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