The company incurs costs of $27.7 million regardless of the output level. It sells 5.68 million units of its product at the price of $8.79, and its total variable costs are $10.20 million. The company has $49 million of debt with an annual interest rate of 4.34%. What is the EBIT break-even point in sales dollars, in $ millions, to the nearest $0.01 million? Drop the $ symbol. E.g., if your answer is $26,666,667, record it as 26.67

The company incurs costs of $27.7 million regardless of the output level. It sells 5.68 million units of its product at the price of $8.79, and its total variable costs are $10.20 million. The company has $49 million of debt with an annual interest rate of 4.34%. What is the EBIT break-even point in sales dollars, in $ millions, to the nearest $0.01 million? Drop the $ symbol. E.g., if your answer is $26,666,667, record it as 26.67

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 36P: Faldo Company produces a single product. The projected income statement for the coming year, based...

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