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What is breakeven point in sales revenue

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Question

A company has fixed costs of $1.3 million. Variable costs are 55% of sales up to a sales level of $1.5 million, but at higher volumes of production and sales, the variable cost for incremental production units falls to 52% of sales.

What is the breakeven point in sales revenue, to the nearest $1,000?

Reference no: EM133300845

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