Question
Opal Company manufactures a single product that it sells for $100 per unit and has a contribution margin ratio of 30%. The company's fixed
Opal Company manufactures a single product that it sells for $100 per unit and has a contribution margin ratio of 30%. The company's fixed costs are $49,500. If Opal desires a monthly target operating profit equal to 20% of sales, sales will have to be (rounded): (Round intermediate calculations to 2 decimal places) Multiple Choice 990 units. 1,650 units. 2.475 units. 4,950 units.
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Principles of Accounting
Authors: Needles, Powers, crosson
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1439037744, 978-1133626985, 978-1439037744
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