Question
For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Managements net income goal is $778. Compute the required sales in
For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Managements net income goal is $778. Compute the required sales in dollars needed to achieve managements target net income of $778. (Use the contribution margin approach.)
| Required sales |
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Financial Accounting Concepts And Applications
Authors: K. Fred Skousen, James D. Stice, Earl Kay. Stice, W. Steve Albrecht
7th Edition
0538876255, 978-0538876254
