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Exercise 5-7 Target Profit Analysis (LO5-6) Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65

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Exercise 5-7 Target Profit Analysis (LO5-6) Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65 per unit. The company's monthly fixed expense is $32,150 Required: 1. Calculate the unit sales needed to attain a target profit of $2,300 (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,900 (Round your intermediate calculations to the nearest whole number.) Units sales to attain target profit 2. Dollar sales to attain target profit Exercise 5-8 Compute the Margin of Safety (LO5-7) Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $ 28 $ 15 $11,310 1,020 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. 1234 should be entered as 12.34).) 1. Margin of safety in dollars) 2. Margin of safety percentage

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