Need help this question Griffin Technologies' break-even point in sales is $875,000, and its variable expensesare 72% of sales. If the company had a net loss of $38,000 last year, its sales musthave been:a) $830,000b) $790,000c) $750,000d) $690,000

Step 1: Contribution margin ratio The basis is the sales so sales ratio is 100%Contribution margin…

Answered: Griffin Technologies' break-even point…

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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Griffin Technologies' break-even point in sales is $875,000, and its variable expenses are 72% of sales. If the company had a net loss of $38,000 last year, its sales must have been: a) $830,000 b) $790,000 c) $750,000 d) $690,000