Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If fixed costs are $860,000 and variable costs are 61% of sales, what is the break-even point in sales dollars? a. $524,600 b. $3,065,128 c.

image text in transcribed
If fixed costs are $860,000 and variable costs are 61% of sales, what is the break-even point in sales dollars? a. $524,600 b. $3,065,128 c. $2,205,128 d. $1,384,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Financial Accounting International Edition

Authors: Jeffrey Waybright, Robert Kemp

1st Edition

0137067798, 978-0137067794

More Books

Students also viewed these Accounting questions

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago