When fixed costs are $70,000 and variable costs are 60% of the selling price, then breakeven sales are ________. (Round the final answer to the nearest dollar.)
A) $116,667
B) $175,000
C) $112,000
D) $98,000

Name: When fixed costs are $70,000 and variable costs are 60% of the selling price, then breakeven sales are ________. (Round the final answer to the nearest dollar.) A) $116,667 B) $175,000 C) $112,000 D) $98,000
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Question

Quizplus · Accepted Answer

$70,000 / (1 - 0.6) = $175,000 in BE sales

When Fixed Costs Are $70,000 and Variable Costs Are 60