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Consider the income statement for Pickbury Farm: Sales $500,000 Variable costs 350,000 Contribution margin 150,000 Fixed costs 80,000 Net income $ 70,000 What is the
Consider the income statement for Pickbury Farm:
Sales $500,000
Variable costs 350,000
Contribution margin 150,000
Fixed costs 80,000
Net income $ 70,000
What is the break-even point in sales dollars (rounded to the nearest dollar)?
a. $714,286
b. $500,000
c. $266,667
d. $120,000
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