(Answered) Question - company x produces a molded hard plastic covers

Accounting

Question - Company X produces a molded hard plastic covers for I-pads. Summary data from its 2014 income statement are as follows:

Revenues - $3,000,000

Variable costs - $2,100,000

Fixed costs - $1,050,000

Operating income - ($150,000)

Re-calculate the breakeven revenues if variable costs are 58% of revenues.

Calculate Freddie Corporation's operating income for 2014 if variable costs had been 58% of revenues.

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