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Exercise 9-27 CVP Analysis with Income Taxes [LO 9-2, 9-3] Cohen Company produces and sells socks. Variable cost is $11.50 per palr, and fixed costs
Exercise 9-27 CVP Analysis with Income Taxes [LO 9-2, 9-3] Cohen Company produces and sells socks. Variable cost is $11.50 per palr, and fixed costs for the year total $132,250. The selling price is $23 per pair Requlred 1. Calculate the breakeven point in units. (Do not round Intermedlate calculations.) 2. Calculate the breakeven point in sales dollars. (Do not round Intermediate calculations.) 3. Calculate the units required to make a before-tax profit of $69,000. (Do not round Intermedlate calculatlons.) 4. Calculate the sales dollars required to make a before-tax profit of $56,350. (Do not round Intermedlate calculations.) 5. Calculate the sales, ln units and in dollars, required to make an after-tax profit of $46,350 given a tax rate of 30%, (Do not round Intermedlate calculatlons. Round sales In unlts up to the nearest whole number and sales In dollars to the nearest whole dollar.) 1. Breakeven point 2. Breakeven point in sales dollars 3. |Units required 4. Sales in dollars 5. Sales in units units Sales in dollars
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