Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.)

image text in transcribed

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 units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Knowledge Auditing Foundations For Knowledge Management Implementation

Authors: Patrick Lambe

1st Edition

0262545039, 978-0262545037

More Books

Students also viewed these Accounting questions

Question

Discuss the legal framework of HRM in Canada.

Answered: 1 week ago