General accounting Nexus Corporation's break-even point in sales is $1,200,000, and its variableexpenses are 60% of sales. If the company lost $75,000 last year, sales musthave amounted to:a. $1,125,000b. $1,012,500c. $950,000d. $875,000

Step 1: Definition of Break-Even Point and Contribution MarginBreak-Even Point: This is the sales…

Answered: Nexus Corporation's break-even point in…

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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Nexus Corporation's break-even point in sales is $1,200,000, and its variable expenses are 60% of sales. If the company lost $75,000 last year, sales must have amounted to: a. $1,125,000 b. $1,012,500 c. $950,000 d. $875,000