Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

If fixed costs are $842,000 and variable costs are 61% of sales, the break-even point in sales dollars is a.$513,620 b.$2,158,974 c.$1,355,620 d.$3,000,974

If fixed costs are $842,000 and variable costs are 61% of sales, the break-even point in sales dollars is

a.$513,620

b.$2,158,974

c.$1,355,620

d.$3,000,974

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Cars. An automobile company is interested to know about its customer satisfaction on the different types of car they have purchased. The following table shows the survey results collected by the...

Answered: 1 week ago

Question

★★★★★

For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions): Assume that the variable costs consist of food and packaging, payroll, and 40% of the...

Answered: 1 week ago

Question

★★★★★

One of Current Designs' competitive advantages is found in the ingenuity of its owner and CEO, Mike Cichanowski. His involvement in the design of kayak molds and production techniques has led to...

Answered: 1 week ago

Question

★★★★★

Add the following details to the original facts:You have chosen to structure your venture as a corporation and are now deciding on the share structure you will use.You know that it is possible to...

Answered: 1 week ago

Question

★★★★★

Question What support did you provide your team members throughout this period? How did you recognise individual staff members' efforts? odm How did your encourage your team to take responsibility...

Answered: 1 week ago

Question

★★★★★

Overview: On-demand air transportation is regulated by the Federal Aviation Administration (FAA) for purposes of aircraft operation and maintenance. The text identifies the essential regulations on...

Answered: 1 week ago

Question

★★★★★

Data Dude ("Dude") entered into a contract with Client Corp. ("Client") on May 1 to create a website for their new product launch.The contract calls for Dude to devote his full time and effort to the...

Answered: 1 week ago

Question

★★★★★

The CM method facilitates concurrent project activities, some work on the project site can begin before construction documents are entirely complete. The CM method facilitates concurrent project...

Answered: 1 week ago

Question

★★★★★

On 1 July 2016, Rock Ltd acquired ( ex div .) all of the issued capital of Wallaby Ltd. The recorded equity of Wallaby Ltd at this date consisted of: Share capital$120 000 General reserve25 000...

Answered: 1 week ago

Previous Question Next Question