Question: Suppose Cape Cod Railway's total revenues are $4, 900,000, its variable costs are $2, 900,000, and its fixed costs are $1, 300,000. Compute the breakeven point in dollars. (Round the contribution margin ratio to the nearest whole percentage.)
a. $410,000
b. $4,200,000
c. $3,170, 732
d. $4,900,000