Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar

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Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30.

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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 $70,000?

c. For the month of July, the marina anticipates sales of $1,000,000. What is the expected level of profit?

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Managerial Accounting

ISBN: 9781119577720

7th Edition

Authors: James Jiambalvo

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Question Posted: Jun 19, 2020 12:58 PM

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Lake Stevens Marina has estimated that fixed costs per month are $350,000 and variable cost per dollar

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a Given that variable cost per dollar of sales is 030 the contribution ma...View the full answer

Managerial Accounting

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