Correct answer------------$540,000
.
It seems like none of the answer exactly match my calculations but $540,000 is the closest.
Working
Income Statement | |
Sales | $ 320,000.00 |
Variable cost (balancing figure) | $ 234,000.00 |
Contribution margin | $ 86,000.00 |
Fixed cost | $ 150,000.00 |
Income | $ (64,000.00) |
.
A | Sales | $ 320,000.00 |
B | Variable Expense | $ 234,000.00 |
C=A-B | Contribution margin | $ 86,000.00 |
D=C/A | CM ratio | 26.9% |
E | Fixed cost | $ 150,000.00 |
F=E/D | Breakeven sales | $ 558,139.53 |
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