Problem 1. Strahan Co. has fixed costs of $100,000 and breakeven sales of $800,000. What is its profit at sales of $1,200,000 ? a. $50,000 b. $150,000 c. $200,000 d. $400,000 2. Betcher Co. Sales are $200,000 and profit is $10,000. The contribution margin at this sales