Alex Mogilny Company (AMC), manufactures and sells a single generic product in the pharmaceutical industry. Information on that product (on a per unit basis) is provided here:

Sales price per unit$24.50

Variable costs per unit:

Direct material$6.50

Direct manufacturing labour$1.55

Manufacturing overhead$0.27

Sales commission$0.65

Annual fixed costs (in total)$79,000

If AMC wishes to make a profit of $98,500, what is the total sales revenue that AMC must earn to do so?

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