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Metro Company's break-even point in sales is $800,000 and its variable expenses are 70% of sales. If the company lost $36,000 last year, what were their actual sales? a) $680,000 b) $640,000 c) $720,000 d) $764,000

Metro Company's break-even point in sales is $800,000 and its variable expenses are 70% of sales. If the company lost $36,000 last year, what were their actual sales? a) $680,000 b) $640,000 c) $720,000 d) $764,000

Managerial Accounting
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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Metro Company's break-even point in sales is $800,000 and its variable expenses are 70% of sales. If the company lost $36,000 last year, what were their actual sales? a) $680,000 b) $640,000 c) $720,000 d) $764,000
Transcribed Image Text:Metro Company's break-even point in sales is $800,000 and its variable expenses are 70% of sales. If the company lost $36,000 last year, what were their actual sales? a) $680,000 b) $640,000 c) $720,000 d) $764,000
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