Cost-volume-profit; volume defined in sales dollars. An excerpt from the income statement of the Kelly Company follows. Estimated fixed costs in Year 1 are $660,000. a. What percentage of sales...

Cost-volume-profit; volume defined in sales dollars. An excerpt from the income statement of the Kelly Company follows. Estimated fixed costs in Year 1 are $660,000.

a. What percentage of sales revenue is variable cost?

b. What is the break-even point in sales dollars for Kelly Company?

c. Prepare a cost-volume-profit graph for Kelly Company.

d. If sales revenue falls to $2,500,000, what will be the estimated amount of profit?

e. What amount of sales dollars produces a profit of $1,000,000?