Congratulate me for passing the challenging F2 exams with 63%. However, there was a question, which required C/S Ratio to break-even.
The budgeted sales is 20,000 units and the selling price per unit is $35. The total fixed cost is 245,000. The MOS is 60% of Break-Even Sales. What is C/S Ratio required to break-even?
Your help would be highly appreciated...Thanks!
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