Domestic Guitars by Dave crafts an acoustic guitar that sells for $2,500. The variable costs per guitar are $1,750 and the total fixed costs are$180,000. What is the total dollar sales required to earn a $60,000 profit?$650,000$800,000$900,000$750,000

CVP analysis is known as cost volume profit analysis. It used to analysis cost at various levels of…

Answered: Guitars by Dave crafts an acoustic…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Guitars by Dave crafts an acoustic guitar that sells for $2,500. The variable costs per guitar are $1,750 and the total fixed costs are $180,000. What is the total dollar sales required to earn a $60,000 profit? $650,000 $800,000 $900,000 $750,000