Atlas Corporation's break-even point in sales is $850,000, and its variable expenses are 75% of sales. If the company lost $35,000 last year, sales must have amounted to: a. $795,000 b. $725,000 c. $680,000 d. $710,000

Atlas Corporation's break-even point in sales is $850,000, and its variable expenses are 75% of sales. If the company lost $35,000 last year, sales must have amounted to: a. $795,000 b. $725,000 c. $680,000 d. $710,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7BE: Margin of safety Jorgensen Company has sales of 380,000,000, and the break-even point in sales...

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Atlas Corporation's break-even point in sales is $850,000, and its
variable expenses are 75% of sales. If the company lost $35,000 last
year, sales must have amounted to:
a. $795,000
b. $725,000
c. $680,000
d. $710,000

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