Market Sales had $1,224,000 in sales last month. The variable costal ratio was 60% and operating profits were $81,600. What sales volume does Market's need to yield a $216,000 operating profit? $1,080,000 $1,224,000 $1,560,000 $2,040,000

Market Sales had $1,224,000 in sales last month. The variable costal ratio was 60% and operating profits were $81,600. What sales volume does Market's need to yield a $216,000 operating profit? $1,080,000 $1,224,000 $1,560,000 $2,040,000

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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Question

Market Sales had $1,224,000 in sales last month. The variable costal ratio was 60% and operating profits were $81,600. What sales volume does Market's need to yield a $216,000 operating profit?

$1,080,000

$1,224,000

$1,560,000

$2,040,000

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