Annual fixed costs are $120,000 and Variable costs are 40 percent of sales revenue. Last year’s revenues totaled $240,000.1. determine break-even point in sales dollars2. determine last years margin of safety in sales dollars3. determine the sales volume required for an annual profit of $70,000

Annual fixed costs are $120,000 and Variable costs are 40 percent of sales revenue. Last year’s revenues totaled $240,000.1. determine break-even point in sales dollars2. determine last years margin of safety in sales dollars3. determine the sales volume required for an annual profit of $70,000

Annual fixed costs are $120,000 and Variable costs are 40 percent of sales revenue. Last year’s revenues totaled $240,000.1. determine break-even point in sales dollars2. determine last years margin of safety in sales dollars3. determine the sales volume required for an annual profit of $70,000