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Question
QuadCity Manufacturing, Inc. reported the following items: Sales = $6,000,000; Variable Costs of Production = $1,500,000; Variable Selling and Administrative Expenses = $550,000; Fixed Costs = $1,350,000; EBIT = $2,600,000; and the Marginal Tax Rate = 35%. QuadCity's break-even point in sales dollars isA) $2,050,633.
B) $2,197,500.
C) $2,438,750.
D) $2,785,000.
Answer
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