Cost-volume-profit; volume defined in sales dollars. An excerpt from the income statement of the Dawson Company follows. Fixed costs in year 1 are $660,000

Dawson company income statement

year ended December 31, year 1

Sales		$3,000,000
Operating Expenses
Cost of Goods Sold	$1,425,000
Selling Costs	450,000
Administrative Costs	225,000
Total Operating Costs		2,100,000
Profit		$900,000

Required in proper format:

a. What percentage of sales revenue is variable cost?

b. What is the break-even point in sales dollars for Dawson Company?

c. If sales revenue falls to $2,500,000, what will be the estimated amount of profit?

d. What amount of sales dollars produces a profit of $1,000,000?