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In 2020, X Company's revenue was $180,000, ils total variable costs were $111,600, and its fixed costs were $85,400. For 2021, the company assumes that
In 2020, X Company's revenue was $180,000, ils total variable costs were $111,600, and its fixed costs were $85,400. For 2021, the company assumes that the relationship between revenue and variable costs will not change but that fixed costs will increase by 21%. With a 40% tax rate, what will revenue have to be in 2021 in order for X Company to earn $43,000 after taxes?
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
