Use the Information Below to Answer the Following Question(s)

question 56

Multiple Choice

Use the information below to answer the following question(s) .
The Olson Company has a predicted operating income of $100,000. Their total variable expenses are $36,000 and their total fixed expenses are $24,000. They have a unit contribution margin of $10.
-If the sale price per unit is $90.00, the variable expense per unit is $63, and total fixed expenses are $600,000, what are the break-even sales in dollars?

• A) $1,000,000
• B) $666,667
• C) $2,000,000
• D) $180,000

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Definitions:

Corrosion of Character

The gradual wearing away of an individual's integrity and ethical standards, often due to prolonged exposure to morally compromising situations or environments.

Modern Capitalism

An economic and social system in which trade, industry, and the means of production are largely or entirely controlled by private owners with the goal of making profits in a competitive market.

Sense of Agency

The feeling of control over actions and their consequences, recognizing oneself as the agent causing events.

Offers Contribution

The act of making offerings or contributions that add value or support to a project, organization, community, or system.