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Dear Sir,
Fred sells 2 products with selling prices and contribution as follows:
Product X
Selling Price: $40
Contribution: $10
Budgeted sales volume: 150,000Product Y
Selling Price: $20
Contribution: $4
Budgeted sales volume: 100,000Fred’s fixed costs are $1,400,000 per year.
What is Fred’s current breakeven revenue to the nearest $?A. $100,000
B. $5,894,737
C. $5,600,000
D. $200,000Correct answer is B.
Please could you let me know how to get to the correct answer as I’ve been struggling to solve this out. : (
Thank you very much. Radovan
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