(SOLVED) Lake Stevens Marina has estimated that fixed costs per month


Question Description:

$19

Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.40.
Required
a. What is the break-even point per month in sales dollars?
b. What level of sales dollars is needed for a monthly profit of $60,000?
c. For the month of July, the marina anticipates sales of $1,000,000. What is the expected level of profit?

Answer

$19