Company ABC's break-even point in sales is $600,000 and its variable expenses are 65% of sales. If the company lost $27,000 last year, calculate their actual sales. a) $520,000 b) $490,000 c) $573,000 d) $465,000

Company ABC's break-even point in sales is $600,000 and its variable expenses are 65% of sales. If the company lost $27,000 last year, calculate their actual sales. a) $520,000 b) $490,000 c) $573,000 d) $465,000

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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Financial accounting question

Company ABC's break-even point in sales is $600,000 and
its variable expenses are 65% of sales. If the company lost
$27,000 last year, calculate their actual sales.
a) $520,000
b) $490,000
c) $573,000
d) $465,000

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