Samy Inc. operated at its normal capacity during the current year, producing 75,000 units of...

90.2K

Verified Solution

Question

Accounting

Samy Inc. operated at its normal capacity during the current year, producing 75,000 units of its single product. Sales totalled 65,000 units at an average price of $20 per unit. Variable cost of goods sold amounted to $7 per unit, and sales commissions were paid out at $5 per unit sold. Fixed product costs, incurred uniformly throughout the year, amounted to $203,000 and fixed period costs, incurred uniformly, amounted to $33,000 per quarter.
Required:
1. Compute Samy's break-even point in sales dollars for the current year. (Do not round intermediate calculations. Round your answer to the nearest whole number.)
every time I enter 837,500 it is showing as incorrect. what could the correct answer be?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students