Question
Pharoah Corporation sells a single product for $50. Its management estimates the following revenues and costs for the year 2022: Net sales $560,000 Selling expensesvariable
Pharoah Corporation sells a single product for $50. Its management estimates the following revenues and costs for the year 2022: Net sales $560,000 Selling expensesvariable $22,400 Direct materials 100,800 Selling expensesfixed 22,400 Direct labour 67,200 Administrative expensesvariable 11,200 Manufacturing overheadvariable 22,400 Administrative expensesfixed 11,200 Manufacturing overheadfixed 33,600
Determine the sales required to earn an operating income of $403,200 after tax. Pharoah Corporations income tax rate is 50%. Sales required to earn an operating income of $403,200 $enter the sales required in dollars
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