Determining Sales from Break-Even Point Tice Company is a medium-sized manufacturer of lamps. During the year, a
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Determining Sales from Break-Even Point Tice Company is a medium-sized manufacturer of lamps. During the year, a new line called "Horalin" was made available to Tice's customers. The break-even point for sales of Horalin is $200,000, with a contribution margin of 40 percent. Assuming that the profit for the year for the Horalin line amounted to $100,000, determine total sales for the year. (AICPA adapted)
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