Practice Question
A company has fixed costs of $100,000 and a contribution margin per unit of $20. What is the sales volume required to break even?
Answer +
Correct Answer: 5,000 units
Explanation +
Step 1: Identify Key Variables – Fixed Costs = $100,000, Contribution Margin = $20
Step 2: Calculate Break-even Sales Volume – Break-even Volume = Fixed Costs ÷ Contribution Margin = 100,000 ÷ 20 = 5,000 units
Step 3: Conclusion – The sales volume required to break even is 5,000 units