Solve the below:
Q: Clyde's Marina has estimated that fixed costs per month are $300,000 and variable cost per dollar of sales is $0.40
Required:
a. What is the break-even point per month in sales?
Selling price: (Relational) ((Amount))
Variable cost: (Relational) ((Amount))
Contribution Margin: (Relational) ((Formula))
Fixed costs: amount / amount = Formula
b. What level of sales is needed for a monthly profit of $60,000?
(Amount + Amount) / amount = formula
c. For the month of July, the marina anticipates sales of $1,000,000 What is the expected level of profit?