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The condensed income statement for the Elizabeth and David partnership for 2022 is as follows. Elizabeth and David Company Income Statement For the Year Ended
The condensed income statement for the Elizabeth and David partnership for 2022 is as follows. Elizabeth and David Company Income Statement For the Year Ended December 31, 2020 Sales (211,200 units) $1,056,000 Cost of goods sold 704,000 Gross profit 352,000 Operating expenses Selling $264,000 Administrative 134,200 398,200 Net loss $(46,200) A cost behavior analysis indicates that 75% of the cost of goods sold are variable and 40% of the selling expenses are variable. Administrative expenses are $81,400 fixed. (a) Compute the break-even point in total sales dollars for 2022. (Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to decimal places, e.g. 2,520.) Break-even point in dollars $ e Textbook and Media Attempts: 0 of 2 used Submit Answer Save for Later Using multiple attempts will impact your score. 50% score reduction after attempt 1
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