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estimates fixed costs such as travel costs, booth rental cost, and lodging to be $ 5 5 1 per car show. Read the requirements. Hunter
estimates fixed costs such as travel costs, booth rental cost, and lodging to be $ per car show.
Read the requirements.
Hunter must sell tubs per show to breakeven.
Requirement a Determine the sales volume in units necessary to earn the desired profit assuming Hunter wants to earn a profit of $ per show.
Hunter must sell tubs per show to earn a profit of $ per show.
b Determine the sales volume in dollars necessary to earn the desired profit assuming Hunter wants to earn a profit of $ per show.
Begin by identifying the formula to compute the sales volume in dollars necessary to earn the desired profit.
Fixed expenses Operating income Contribution margin ratio Breakeven sales in dollars
Do not round intermediary calculations. Round your answer to the nearest whole dollar.
Hunter must achieve sales of
to earn a profit of $ per show.
c Using the contribution margin format, prepare an income statement condensed version to confirm your answers to parts a and b
Condensed Income Statement:
PLEASE DO PART C chart showing the steps
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