Question
Net Income Planning Superior Corporation sells a single product for $60 per unit, of which $36 is contribution margin. Fixed costs total $36,000 and net
Net Income Planning Superior Corporation sells a single product for $60 per unit, of which $36 is contribution margin. Fixed costs total $36,000 and net income before income tax is $28,800.
Determine the following a. The present sales volume in dollars:. $Answer b. The break-even point in units.: Answer units c. The sales volume in units necessary to attain a net income before income tax of $39,600: Answer units d. The sales volume in units necessary to attain a net income before income tax equal to 20% of sales revenue.: Answer units e. The sales volume in units necessary to attain an after-tax net income of $43,200 if the tax rate is 40%: Answer units
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