Larsen Enterprises' break-even point in sales is $1,200,000, and its variable expenses are 65% of sales. If the company lost $55,000 last year, sales must have amounted to: a) $1,150,000 b) $1,080,000 c) $990,000 d) $720,000

Larsen Enterprises' break-even point in sales is $1,200,000, and its variable expenses are 65% of sales. If the company lost $55,000 last year, sales must have amounted to: a) $1,150,000 b) $1,080,000 c) $990,000 d) $720,000

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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