Vermont Company’s break-even point in sales is $950,000, and its variable expenses are 60% of sales....
Vermont Company’s break-even point in sales is $950,000, and its variable expenses are 60% of sales. If the company lost $34,000 last year, sales must have amounted to:
| A. |
$628,000 |
|
| B. |
$772,000 |
|
| C. |
$814,000 |
|
| D. |
$865,000 |
Homework Answers
Answer D) $865,000
A) Contribution at Breakeven sales - $900,000 X 40% = $380,000 which will same as fixed. Cost since at Breakeven sales Contribution = Fixed Cost
B) Contribution if company lost $34,000
Fixed cost - Loss
= $380,000 - $34,000
= $346,000
C) Sales at this level would be ( $346,000/ 40% X 100)
= $865,000
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Vermont Company’s break-even point in sales is $950,000, and its
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