For Biswell Company, variable costs are 55% of sales and fixed costs are $210,000. Calculate the required

Question:

For Biswell Company, variable costs are 55% of sales and fixed costs are $210,000. Calculate the required sales in dollars that are needed to achieve management's target operating income of $80,000? (Use the contribution margin approach.)

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...