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Optical Incorporated has annual fixed costs totaling $6,000,000 and variable costs of $350 per unit.Each unit of product is sold for $500.Assume a tax rate
Optical Incorporated has annual fixed costs totaling $6,000,000 and variable costs of $350 per unit.Each unit of product is sold for $500.Assume a tax rate of 20 percent.
Use the three steps described in the chapter to determine the sales dollars required to earn an annual profit of $150,000 after taxes Support the calculation in requirement b, by constructing a contribution income statement
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