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Erin Shelton. Inc., wants to earn a target profit of $830,000 this year. The company's fixed costs are expected to be $1,060,000 and its variable
Erin Shelton. Inc., wants to earn a target profit of $830,000 this year. The company's fixed costs are expected to be $1,060,000 and its variable costs are expected to be 60 percent of sales. Erin Shelton. Inc., earned $730,000 in profit last year. Calculate break-even sales for Erin Shelton, Inc. Prepare a contribution margin income statement on the basis break-even sales. Calculate the required sales to meet the target profit of $830,000. Using a contribution margin income statement format with the sales to meet the target profit of $830,000
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