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The following is Tucker Inc's contribution format income statement for last month: Sales $800,000 Less variable expenses 300,000 Contribution margin 500,000 Less fixed expenses
The following is Tucker Inc's contribution format income statement for last month: Sales $800,000 Less variable expenses 300,000 Contribution margin 500,000 Less fixed expenses 400,000 Net income $100,000 The company has no beginning or ending inventories. The company produced and sold 10,000 units last month. What is the company's break-even sales in dollars? $400,000. $700,000. $0. $640,000.
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul Copley
12th edition
0078025818, 978-0078025815
