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! Required information [The following information applies to the questions displayed below.] Munoz Company makes and sells products with variable costs of $24 each. Munoz
! Required information [The following information applies to the questions displayed below.] Munoz Company makes and sells products with variable costs of $24 each. Munoz incurs annual fixed costs of $386,280. The current sales price is $98. Note: The requirements of this question are interdependent. For example, the $296,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. c. Suppose that Munoz desires to earn a $296,000 profit. Determine the sales volume in units and dollars required to earn the desired profit. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req ci Req C2 Suppose that Munoz desires to earn a $296,000 profit. Determine the sales volume in units and dollars required to earn the desir (Do not round intermediate Round your final answers to the nearest dollar and rour the next whole unit.) units up Sales volume in units Sales volume in dollars c. Suppose that Munoz desires to earn a $296,000 profit. Determine the sales volume in units and dollars required to earn the desired profit. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Reg C1 Req c2 Suppose that Munoz desires to earn a $296,000 profit. Prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) MUNOZ COMPANY Income Statement
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