Kent Company’s operating percentages were as follows:

Revenues 100%
Cost of goods sold
Variable 50%
Fixed 10% 60%
Gross profit 40%
Other operating expenses
Variable 20%
Fixed 15% 35%
Operating income 5%

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Kent’s sales totaled P2 million. At what revenue level would Kent break even?

Answer rating: 100% (QA)

Sales P2000000 Fixed Cost percent 10 and 15 Variable Cost ... View the full answer