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Event Company produces a single product with the following characteristics: price per unit, $35.00; variable material cost per unit, $10.60; variable labor cost per unit,
Event Company produces a single product with the following characteristics: price per unit, $35.00; variable material cost per unit, $10.60; variable labor cost per unit, $4.60; variable overhead cost per unit, $2.20; and fixed overhead cost per unit, $2.00. Event Company's manufacturing fixed costs are $6 million, and selling, general, and administration fixed costs are $2 million. What dollar sales are required for Event Company to earn a target profit of $700,000?
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