Ivanhoe provides testing services to school districts that wish to assess students’ reading and mathematical abilities....

Ivanhoe provides testing services to school districts that wish to assess students’ reading and mathematical abilities. Last year Crane evaluated 30,000 math tests and 10,000 reading tests. An income statement for last year follows.

	Math Testing		Reading Testing
	Total	Per Unit	Total	Per Unit	Total Company
Sales revenue	$960,000	$32	$480,000	$48	$1,440,000
Variable expenses	672,000	22.40	240,000	24	912,000
Contribution margin	$288,000	$9.60	$240,000	$24	528,000
Fixed expenses					360,000
Operating income					$168,000

(a)

What is Ivanhoes breakeven point in sales dollars?

Expert Solution

ekkarill92 answered 2 years ago

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