Problem:
Wyly Inc. produces and sells a single product. The selling price of the product is $170.00 per unit and its variable cost is $62.90 per unit. The fixed expense is $356,643 per month.
Required:
The break-even in monthly dollar sales is closest to:
a. $963,900
b. $628,881
c. $566,100
d. $356,643
Note: Be sure to show how you arrived at your answer.