Answer:
$133,928.57
Explanation:
Break even revenue = Fixed cost / contribution to sales ratio
Contribution to sales ratio = Selling price - Variable cost / selling price
Fixed cost = $60000
Variable cost= $16 per unit
Selling price = $29 per unit
Contribution to sales ratio = 29 - 16/ 29 = 13/29 = 0.448
Break even revenue = 60000/0.448 = $133,928.57
