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Required information The following information applies to the questions displayed below! Ohio Limestone Company produces thin limestone sheets used for cosmetic facing on buildings. The

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Required information The following information applies to the questions displayed below! Ohio Limestone Company produces thin limestone sheets used for cosmetic facing on buildings. The following income statement represents the operating results for the year just ended. The company had sales of 1800 tons during the year, The manufacturing capacity of the firm's facilities is 3.000 tons per year (gnore income taxes COLINESTONE COMPANY Income State For the Year Ended December 31, 201 Salon 1900.000 Variable but Manufacturing 1315.000 Salling tot 180.000 Total variable cout $495.000 Contributin rein 3405.000 Fixed boat Manufacturing $100.000 Selling 107.500 Administrative 40.000 Total fixed cout 5247.500 Net in 3157.500 6. Ignore the facts presented in requirement (5). Assume that management estimates that the selling price per ton would decline by 10 percent next year. Variable costs would increase by $40 per ton and fixed costs would not change What sales volume in dollars would be required to earn a net income of $94,500 next year? (Do not round intermediate calculation) Answer is complete but not entirely correct. 5 654,894

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