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Palmer Company Below Is an Income Statement for Palmer Company

question 67

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Palmer Company Below is an income statement for Palmer Company:
 Sales $400,000 Variable costs (125,000)  Contribution margin $275,000 Fixed costs (200,000)  Profit before taxes $75,000\begin{array}{ll}\text { Sales } & \$ 400,000 \\\text { Variable costs } & \underline{(125,000) } \\\text { Contribution margin } & \$ 275,000 \\\text { Fixed costs } & \underline{(200,000) } \\\text { Profit before taxes } & \underline{\$ 75,000}\end{array} Refer to Palmer Company.Based on the cost and revenue structure on the income statement,what was Palmer's break-even point in dollars?

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