SaleCo sells 11,000 units resulting in $110,000 of sales revenue, $50,000 of variable costs, and $45,000 of fixed costs. To achieve $150,000 in operating income, sales must total ________. (Round intermediate calculations to two decimal places and the final answer to the nearest dollar.)

Question

Quizplus · Accepted Answer

((110,000 - 50,000) / 110,000) = 55%
($150,000 + $45,000) / 55% = $357,500 in sales

SaleCo Sells 11,000 Units Resulting in $110,000 of Sales Revenue