Answered: If fixed costs are $859,000 and…

If fixed costs are $859,000 and variable costs are 60% of sales, the break-even point in sales dollars is a.$515,400 b.$3,006,500 c.$1,374,400 d.$2,147,500

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter16: Capital Structure Decisions

Section: Chapter Questions

Problem 1P

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Question

If fixed costs are $859,000 and variable costs are 60% of sales, the break-even point in sales dollars is

a.$515,400

b.$3,006,500

c.$1,374,400

d.$2,147,500

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