Question
For Flynn Company, variable costs are56% of sales, and fixed costs are $193,000. Managements net income goal is $70,000. Compute the required sales in dollars
For Flynn Company, variable costs are56% of sales, and fixed costs are $193,000. Managements net income goal is $70,000.
Compute the required sales in dollars needed to achieve managements target net income of $70,000. (Use the contribution margin approach.) (Round answer to 0 decimal places, e.g. 1,225.)
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
