Multiple Choice
Fixed costs including depreciation have increased at Leverage Inc., from $4 million to $5.3 million in an effort to reduce variable costs. What must the new variable cost percentage of sales be to break even from an accounting perspective at $20 million?
A) 69.2%
B) 65.8%
C) 73.5%
D) 76.7%
Correct Answer:
Verified
Correct Answer:
Verified
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