Q1) K-Henry's Dull Diner has contribution margin ratio of 16%. If fixed costs are $176,800, how many dollars of revenue should K-Henry's generate in order to reach break-even point?
Q2) Company has total cost of $50.00 per unit at volume of 100,000 units. Variable cost per unit is $20.00. What would price be if company expected volume of 120,000 units and used a mark-up of 50%?
c) There is not sufficient information in problem to answer