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Calculate the company break even point in terms of sales

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Reference no: EM132548346

Presented is the income statement for Breckinridge Farms for the month of October:

sales: $220,000

cost of goods sold: (114,000)

gross profit: $106,000

operating expenses: (76,000)

operating income: $30,000

Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 30%.

Question A) Rearrange the income statement to the contribution margin format.

Question B) Calculate the company's break even point in terms of sales revenue.

Reference no: EM132548346

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