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Cotton Company produces and sells socks. Variable costs are budgeted at $4 per pair, and fixed costs for the year are expected to total $90,000.

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Cotton Company produces and sells socks. Variable costs are budgeted at $4 per pair, and fixed costs for the year are expected to total $90,000. The selling price is expected to be $6 per pair The sales dollars required to make an after-tax profit (11x) for Cotton Company of $15,000, given an income tax rate of 40%, are calculated to be: a. $336,000. b. $345,000 c. $339,000 d $360,000 e $342,000

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