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14. X Company produces a single product. It has set a target profit level of 12% of sales. Its contribution margin rte is 60% and

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14. X Company produces a single product. It has set a target profit level of 12% of sales. Its contribution margin rte is 60% and its fixed costs are $55,000. In order to reach the target profit level, sales revenue must be a. 45,833 b. $110,333. c. $114,583. d. $ 94,444

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