I am not sure how to work this problem. I don't want the answer, I just want to know how to solve this problem. Thanks.
1. If fixed costs are $845,567 and variable costs are 60% of sales, what is the break-even point (dollars)?
1. If fixed costs are $845,567 and variable costs are 60% of sales, what is the break-even point (dollars)?
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profit = sales - costs..p = s - [ 0.6 s + 845,567 ]...find s if p = 0