CVP; taxes Golf Glider makes gasoline-powered golf carts. The selling price is $5,000 each, and costs are as follows: Cost Direct material Direct labor Variable overhead Variable selling Annual fixed production overhead Annual fixed selling and administrative Per Unit Total $2,000 625 325 50 $550,000 264,000 Golf Glider's income is taxed at a 40 percent rate. a. How many golf carts must Golf Glider sell to earn $1,320,000 after tax? 1,507 golf carts b. What level of revenue is needed to yield an after-tax income equal to 20 percent of sales? Note: In your calculations, round the desired before-tax percentage of sales to two decimal places (for example, round 45.5555% to 45.56%). Note: Round your final answer to the nearest whole dollar. $ 122,038