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
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
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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Sales must have amounted to
Transcribed Image Text: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
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