Black Co.s breakeven point was $780,000. Variable expenses averaged 60% of sales, and the margin of safety

Question:

Black Co.’s breakeven point was $780,000. Variable expenses averaged 60% of sales, and the margin of safety was $130,000. What was Black’s ?
a. $364,000
b. $546,000
c. $910,000
d. $1,300,000
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...