2.2 Calculate the sales value required to achieve a net profit of R150 000, using the marginal income ratio. (4 Marks)

INFORMATION The following information was extracted from the budget of Mary's Manufacturers for the period July to December 2021 1. Total production and sales 2 300 units 2. Selling price per unit R200 3. Variable manufacturing costs per unit: Direct materials R60 Direct labour R40 Overheads R20 R200 000 4. Fixed manufacturing overheads 5. Other costs: Fixed marketing and administrative costs R100 000 Sales commission 10% of sales