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White raven [17]
3 years ago
6

Gulph Company reported the following results for May: sales $200,000, variable costs $120,000 and fixed costs $60,000. What amou

nt of sales are required in June to achieve $50,000 of net income?
Business
1 answer:
jeka57 [31]3 years ago
6 0

Answer:

Break-even point (dollars)= $275,000

Explanation:

Giving the following information:

sales $200,000

variable costs $120,000

fixed costs $60,000

desired profit= $50,000

<u>To calculate the sales required to achieve the desired profit, we need to use the break-even point in dollars formula:</u>

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (60,000 + 50,000) / [(200,000 - 120,000)/200,000]

Break-even point (dollars)= 110,000 / 0.4

Break-even point (dollars)= $275,000

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