When Fixed Costs Are $70,000 and Variable Costs Are 60

question 79

Multiple Choice

When fixed costs are $70,000 and variable costs are 60% of the selling price, then breakeven sales are ________. (Round the final answer to the nearest dollar.)

• A) $116,667
• B) $175,000
• C) $112,000
• D) $98,000

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Definitions:

Reactivity

An indicator of how easily a substance reacts chemically with different materials.

Benzenesulfonic Acid

An organosulfur compound with the formula C6H6SO3H; it's a strong acid used as a catalyst and in the production of detergents and synthetic resins.

Nitrobenzene

An organic compound constituted by a benzene ring bonded to a nitro group, used in the production of anilines.

Activator

A substance that increases the rate of a chemical reaction without being consumed, often by lowering the activation energy.