Seles revenue? Rutherford Manufacturing's break-even point in sales revenue is $980,000, andvariable expenses constitute 66% of sales. If the firm incurred a loss of $47,000, whatwas its actual sales revenue?a) $940,000b) $890,000c) $860,000d) $780,000

Step 1: Contribution margin ratio The basis is the sales so the sales ratio is 100% Contribution…

Answered: Rutherford Manufacturing's break-even…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Rutherford Manufacturing's break-even point in sales revenue is $980,000, and variable expenses constitute 66% of sales. If the firm incurred a loss of $47,000, what was its actual sales revenue? a) $940,000 b) $890,000 c) $860,000 d) $780,000