4 POINTS Solaris Industries' break-even point in salesis $950,000, and its variable expenses are70% of sales. If the company lost $50,000last year, sales must have amounted to:(Round your answer to nearest number)a. $680,000b. $850,000c. $810,000d. $783,333

Explanation of Break-Even Point: The break-even point represents the level of sales at which a…

Answered: Solaris Industries' 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...

See similar textbooks

Similar questions

can you please solve this
answer
Frontier Industries' break-even point in sales is $1,200,000, and its variable expenses are 65% of sales. If the company earned $75,000 last year, sales must have amounted to: a. $1,414,286 b. $1,350,000 c. $1,275,000 d. $1,125,000
Sabv Corporation's break-even-point in sales is $800,000, and its variable expenses are 70% of sales. If the company lost $30,000 last year, sales must have amounted to: Multiple Choice $770,000 $740,000 $700,000 $530,000
Correct answer please
i want to correct answer
What must have been the total sales
Solen Corporation's break-even-point in sales is $850,000, and its variable expenses are 80% of sales. If the company lost $35,000 last year, sales must have amounted to: $815,000 S780,000 $675,000 $645,000
KR Corporation's break-even-point in sales is Rs. 900,000, and its variable expenses are 75% of sales. If the company lost Rs. 32,000 last year, sales must have amounted to: _____________ (Don’t try to write any $, Rs or any alphanumeric value in the Provided answer space)
Need help this question
Last year Minden Company introduced a new product and sold 25, 300 units of it at aprice of $99 per unit. The product's variable expenses are $69 per unit and its fixedexpenses are $837,300 per year. Required: 1. What was this product's net operatingincome (loss) last year? 2. What is the product's break - even point in unit sales anddollar sales? 3. Assume the company has conducted a marketing study that estimates itcan increase annual sales of this product by 5.000 units for each $2 reduction in itsselling price. If the company will only consider price reductions in increments of $2 (e.g$68, $66, etc.), what is the maximum annual profit that it can earn on this product?What sales volume and selling price per unit generate the maximum profit? 4. Whatwould be the break - even point in unit sales and in dollar sales using the selling pricethat you determined in requirement 3?
Company X's break-even-point in sales is $675,000, and its variable expense ratio is 75%. Last month, the company made a loss of $24,000, How much was the sales ($)? a. 603,000 O b. 651,000 Oc. None of the given answers O d. 471,000 O e. 579,000

SEE MORE QUESTIONS

Recommended textbooks for you

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS

Solaris Industries' break-even point in sales is $950,000, and its variable expenses are 70% of sales. If the company lost $50,000 last year, sales must have amounted to: (Round your answer to nearest number) a. $680,000 b. $850,000 c. $810,000 d. $783,333