Solved: What level of sales is needed for a monthly profit, Managerial Accounting

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What level of sales is needed for a monthly profit

Response to the following problem:

Clyde's Marina has estimated that fixed costs per month are $300,000 and variable cost per dollar of sales is $0.40

Required:

a. What is the break-even point per month in sales?

b. What level of sales is needed for a monthly profit of $60,000?

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: What level of sales is needed for a monthly profit

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