X Company, a merchandiser, had the following income statement for 2018: Sales $176,680 Cost of goods sold
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X Company, a merchandiser, had the following income statement for 2018: Sales $176,680 Cost of goods sold 106,064 Gross margin $70,616 Other operating expenses 49,512 Profit $21,104 $90,864 of the cost of goods sold were variable, and $32,812 of the other operating expenses were variable. If cost behavior in 2019 is expected to continue as it did in 2018, what must total sales be in 2019 in order for X Company to break even?
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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