Merlin Corporation's break-even point in sales is $750,000, and its variable expenses are 70% of sales. If the company lost $35,000 last year, sales must have amounted to: a. $685,000 b. $710,000 c. $595,000 d. $633,333

Merlin Corporation's break-even point in sales is $750,000, and its variable expenses are 70% of sales. If the company lost $35,000 last year, sales must have amounted to: a. $685,000 b. $710,000 c. $595,000 d. $633,333

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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