am.111. Break-Even SalesMolson Coors Beverage Company (TAP) reported the following operating information for a recent year (in millions):Net sales$10,280Cost of goods sold(6,226)Gross profit$4,054Selling, general, and admin. expenses(2,555)Operating income$1,499***Before special itemsAssume that Molson Coors sold 200 million barrels during the year, variable costs were 70% of the cost of goods sold and 35% of selling, general, andadministrative expenses, and that the remaining costs are fixed. For the following year, assume that Molson Coors expects pricing, variable costs perbarrel, and fixed costs to remain constant, except that new distribution and general office facilities are expected to increase fixed costs by $25 million.a. Compute the break-even sales (barrels) for the current year. Round intermediate computations to the nearest cent and final answer up tothe nearest whole barrel.barrelsb. Compute the anticipated break-even sales (barrels) for the following year. Round intermediate computations to the nearest cent and finalanswer up to the nearest whole barrel.barrels

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please help answer the dollar amount for question #7 on the attached.
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