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Event Company sells a single product for a sales price of $100 per unit. For each unit produced and sold, the company incurs: variable materials
Event Company sells a single product for a sales price of $100 per unit. For each unit produced and sold, the company incurs: variable materials costs of $25; variable labor costs of $15; variable manufacturing overhead of $6; and variable sales and marketing expenses of $4 per unit. In addition to these variable costs, the company incurs $1,500,000 of fixed costs annually. Which of the following numbers is the dollar sales required for Event Company to earn a target profit of $500,000?
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