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Riverbed Wineries Inc. sold 680 bottles of vintage burgundy in April at a price of...

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Accounting

Riverbed Wineries Inc. sold 680 bottles of vintage burgundy in April at a price of $104 each. Riverbed incurs $36 in variable costs for
each bottle of vintage burgundy and has total monthly fixed costs of $43840. Which of the following statements is correct?
Riverbed operated at a loss of $2400 for the month.
Riverbed operated at a profit of $2400 for the month.
Riverbed operated at its break-even point for the month.
Riverbed operated at a level at which contribution margin was less than fixed costs.
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