Elvin Company produces hand cream in plastic jars. Each jar sells for $5.60. The variable cost for each jar (materials, labor, and overhead) totals $3.92. The total fixed cost is $64,200. During the most recent year, 70,000 jars were sold.

What is the level of sales dollars needed for Elvin to earn operating income of 10% of sales?

Elvin Company Score: 51/51 Income Statement For the most recent year \begin{tabular}{|c|l|c|c|} \hline 1 & Sales revenue & & $392,000.00 \\ \hline 2 & Total variable cost & 274,400.00 \\ \hline 3 & Total contribution margin & & $117,600.00 \\ \hline 4 & Total fixed cost & 4,200.00 \\ \hline 5 & Operating income & 53,400.00 \\ \hline \end{tabular}