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Home Q & A Board Other Fields Homework Help Business Economics
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dxpayne dxpayne
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Posts: 930
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6 years ago
Following is the Becker Company Ltd. partial income statement for the most recent year:

Becker Company Ltd.
Partial Income Statement
Most Recent Year

Sales      $ 1,190,000
Cost of goods sold      476,000
Gross margin      $    714,000
Less operating expenses:
   Fixed   $39,000
   Variable    357,000   396,000
Operating income      $   318,000

What would the Becker Company sales have to be in order for the company to have an operating income of $500,000?
A) $1,796,667
B) $2,001,988
C) $1,372,000
D) $1,411,000
E) $1,567,824
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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wrote...
#1
6 years ago
A
Explanation:  A) CM% = ($1,190,000 - $476,000 - $357,000)/$1,190,000 = 30%
($39,000 + $500,000)/0.3 = $1,796,667
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