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f7 ed Required information [The following information applies to the questions displayed below.] Gibson Company makes and sells products with variable costs of $24
f7 ed Required information [The following information applies to the questions displayed below.] Gibson Company makes and sells products with variable costs of $24 each. Gibson incurs annual fixed costs of $403,200. The current sales price is $87. Note: The requirements of this question are interdependent. For example, the $252,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. k c. Suppose that Gibson desires to earn a $252,000 profit. Determine the sales volume in units and dollars required to earn the desired profit. Prepare an income statement using the contribution margin format. ces Complete this question by entering your answers in the tabs below. Req C1 Req C2 Suppose that Gibson desires to earn a $252,000 profit. Determine the sales volume in units and dollars required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) Sales volume in units Sales volume in dollars Reg C1 Reg C2 >
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