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Solen Corporation's break-even point in sales is $900,000, and its variable expenses are 75% of sales. If the company lost $40,000 last year, sales must have amounted to: a. $635,000 b. $860,000 c. $820,000 d. $740,000

Solen Corporation's break-even point in sales is $900,000, and its variable expenses are 75% of sales. If the company lost $40,000 last year, sales must have amounted to: a. $635,000 b. $860,000 c. $820,000 d. $740,000

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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Solen Corporation's break-even point in sales is $900,000, and its variable expenses are 75% of sales. If the company lost $40,000 last year, sales must have amounted to: a. $635,000 b. $860,000 c. $820,000 d. $740,000
Transcribed Image Text:Solen Corporation's break-even point in sales is $900,000, and its variable expenses are 75% of sales. If the company lost $40,000 last year, sales must have amounted to: a. $635,000 b. $860,000 c. $820,000 d. $740,000
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