City University Of New York Operations And Supply Chain Management Assignment Help - break even in dollars

Question - Hello, I keep getting the wrong answer. Please help. I get 8,048,290. What am I doing wrong?


Piedmont Fasteners Corporation makes three different clothing fasteners in its manufacturing facility
in North Carolina. Data concerning these products appear below:


Velcro Metal Nylon
Normal annual sales volume 100,000 200,000 400,000
Unit selling price $1.65 $1.50 $0.85
Variable cost per unit $1.25 $0.70 $0.25

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Total fixed expenses are $400,000 per year.
All three products are sold in highly competitive markets, so the company is unable to raise its prices
without losing unacceptable numbers of customers.

The company has an extremely effective ...Read More lean production system, so there are no beginning or ending
work in process or finished goods inventories.


Requirement 1:
What is the company's over-all break-even point in total sales dollars? (Round your CM ratio to 4
decimal places e.g., .12343 as .1234 or 12.34% and final answer to the nearest dollar amount. Omit
the "$" sign in your response.)


Break-even point in total sales dollars $ ...Read Less

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