Question
ForCraneCompany, variable costs are63% of sales, and fixed costs are $197,000. Management's net income goal is $69,400. Compute the required sales in dollars needed to
ForCraneCompany, variable costs are63% of sales, and fixed costs are $197,000. Management's net income goal is $69,400.
Compute the required sales in dollars needed to achieve management's target net income of $69,400. (Use the contribution margin approach.)
Required sales:
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
9th edition
9781483375014, 1483375013, 9781506300108, 1506300103, 978-1483375021
