ABC Bread Sells a Box of Bagels with a Contribution

question 20

Multiple Choice

ABC Bread sells a box of bagels with a contribution margin of 62.5%.Its fixed costs are $150,000 per year.How many sales dollars does ABC Bread need to break even per year if bagels are its only product?

• A)$93,750
• B)$150,000
• C)$240,000
• D)$90,000

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Definitions:

Boxplots

Graphical representations of data that display the distribution through quartiles, highlighting the median, quartiles, and outliers.

Case Prices

The cost or pricing of goods by the case, often used in wholesale or bulk purchasing scenarios.

Skewed Right

A distribution of data showing the majority of values on the left, tailing off to the right.

Re-Expressing

The mathematical transformation of data in statistics to meet the assumptions of statistical models or to improve interpretability.