(Solution) - The controller of Sandoval Company prepared the following projec -(2025 Original AI-Free Solution)

Paper Details

The controller of Sandoval Company prepared the following projected income statement:
Sales ...............$90,000
Less: Variable costs ........72,000
Contribution margin ........ $18,000
Less: Fixed costs ...........6,900
Operating income .........$11,100

Required:
1. Calculate the contribution margin ratio.
2. Calculate the variable cost ratio.
3. Calculate the break-even sales revenue for Sandoval.