Question
For Cullumber Company, variable costs are 64% of sales, and fixed costs are $191,000. Managements net income goal is $79,000. Compute the required sales in
For Cullumber Company, variable costs are 64% of sales, and fixed costs are $191,000. Managements net income goal is $79,000. Compute the required sales in dollars needed to achieve managements target net income of $79,000. (Use the contribution margin approach.)
Required sales $ ______?
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Financial Accounting
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
4th Canadian Edition
0070001499, 9780070001497
