Solved

Vintage Wines Has Fixed Costs of $15,000 Per Year

Question 114

Multiple Choice

Vintage Wines has fixed costs of $15,000 per year.Its warehouse sells wine with variable costs of 80% of its unit selling price.How much in sales does Vintage need to break even per year?


A) $12,000
B) $3,000
C) $18,750
D) $75,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q63: The amount by which actual or expected

Q68: The margin of safety ratio is equal

Q109: In applying the high-low method, which

Q110: April Industries sells a product with a

Q112: Wendy Industries produces only one product.Monthly fixed

Q115: A company has contribution margin per unit

Q118: At the break-even point of 2,000 units,

Q119: Aero, Inc.requires sales of $2,000,000 to cover

Q152: Cost behavior analysis is a study of

Q168: Unit contribution margin is the amount that