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Lindo Company incurs annual fixed costs of $48,320. Variable costs for Lindos product are $28.16 per unit, and the sales price is $44.00 per unit.
Lindo Company incurs annual fixed costs of $48,320. Variable costs for Lindos product are $28.16 per unit, and the sales price is $44.00 per unit. Lindo desires to earn an annual profit of $64,000. Required: Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your answer to the nearest whole number.)
Lindo Company incurs annual fixed costs of $48,320. Variable costs for Lindo's product are $28.16 per unit and the sales price is $44.00 per unit. Lindo desires to earn an annual profit of $64,000 Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Sales in dollars $ 308,571 Sales volume in unitsStep by Step Solution
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