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Kelvin Co. produces and sells socks. Variable costs are budgeted at $2 per pair, and fixed costs for the year are expected to total $140,000.
Kelvin Co. produces and sells socks. Variable costs are budgeted at $2 per pair, and fixed costs for the year are expected to total $140,000. The selling price is expected to be $4 per pair The sales dollars required to make an after-tax profit () for Kelvin Co. of $21,000, given an income tax rate of 40%, are calculated to be: Multiple Choice $347000. $350,000. $344,000. $341,000. $365,000
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