The Current Annual Budget for Armstrong Ltd

Multiple Choice

The current annual budget for Armstrong Ltd. indicates total revenue of $8,000,000. The total variable costs are $1,600,000 and fixed costs are $5,600,000. Calculate break-even revenue per year.

A) $7,200,000
B) $7,000,000
C) $5,600,000
D) $3,200,000
E) $8,000,000