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Innova Discs has two divisions-Standard and Premium. Each division has hundreds of different types of golf discs and disc golf products. The following information is available:
Standard Division Premium Division TotalSales $400,000 $600,000 $1,000,000Variable costs 280,000 360,000Contribution margin $120,000 $240,000Total fixed costs $300,000
What is the break-even point in dollars?
Division Corp has 20,000 shares of $5.00 participating 9 percent cumulative preferred stock and 100,000 shares of $2.00 common stock.
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