Tice Company is a medium-sized manufacturer of lamps. During…
Tice Company is a medium-sized manufacturer of lamps. During the year a new line called “Horolin” was made available to Tice”s customers. The break-even point for] sales of Horolin is $200,000 with a contribution margin of 40%. Assuming that the profit for the Horolin line during the year amounted to $100,000, total sales during the year would have amounted to:
A) $300,000
B) $420,000
C) $450,000
D) $475,000
