Homework Answers
Answer: $66,667
Calculations:
Break even in Sales dollars = Fixed cost ÷ Contribution margin percentage
= $40,000 ÷ 60%
= $66,667
.
Contribution margin percentage = Sales percentage - Variable expense percentage
= 100% - 40%
= 60%
Thus, the option i) is correct answer and remaining given options are incorrect.
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