Sales Total $400,000 When Variable Costs Total $300,000 and Fixed

Multiple Choice

Sales total $400,000 when variable costs total $300,000 and fixed costs total $80,000. The breakeven point in sales dollars is ________. (Round interim calculations to two decimal places and the final answer to the nearest dollar.)

A) $320,000
B) $400,000
C) $1,200,000
D) $500,000