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The following data are available for the Phelps Corporation for a recent month: Product A Product B $ 150,000 $ 130,000 91,000 104,000 Product C $ 90,000 27,000 $ 59,000 $ 26,000 $ 63,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income The break-even sales for the month for the company is closest to: Multiple Choice $91,667 $137,500 $148,000 Total $ 370,000 222,000 148,000 55,000 $ 93,000

The following data are available for the Phelps Corporation for a recent month: Product A Product B $ 150,000 $ 130,000 91,000 104,000 Product C $ 90,000 27,000 $ 59,000 $ 26,000 $ 63,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income The break-even sales for the month for the company is closest to: Multiple Choice $91,667 $137,500 $148,000 Total $ 370,000 222,000 148,000 55,000 $ 93,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following data are available for the Phelps Corporation for a recent month: Product A Product B Product C $ 150,000 $ 130,000 $ 90,000 91,000 104,000 27,000 $ 59,000 $ 26,000 $ 63,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income The break-even sales for the month for the company is closest to: Multiple Choice O $91,667 $137,500 O $148,000 Saved $203,000 A Total $ 370,000 222,000 148,000 55,000 $ 93,000 Help Save & Exit Submit
Transcribed Image Text:The following data are available for the Phelps Corporation for a recent month: Product A Product B Product C $ 150,000 $ 130,000 $ 90,000 91,000 104,000 27,000 $ 59,000 $ 26,000 $ 63,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income The break-even sales for the month for the company is closest to: Multiple Choice O $91,667 $137,500 O $148,000 Saved $203,000 A Total $ 370,000 222,000 148,000 55,000 $ 93,000 Help Save & Exit Submit
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