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Ralph Inc. produces ornaments. Currently, ralph charges $12.5 per ornament. Variable expenses are $8.75, and fixed expenses are $5000. the tax rate is 25% 1)

Ralph Inc. produces ornaments. Currently, ralph charges $12.5 per ornament. Variable expenses are $8.75, and fixed expenses are $5000. the tax rate is 25%
1) prepare the contribution magin income statement given 2,000 ornaments were produced and sold so the the cost of goods was $20,000
2) determine the sales revenue that ensure the after tax profit $7,500

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