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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 1,800 tons during the year The manufacturing capacity of the firm's facilities is 3,000 tons per year ilgnore income taxes) Sales OHIO LIMESTONE COMPANY Income Statement For the Year Ended December 31, 20x1 $900,000 Variable costs Manufacturing $315.000 Selling costs 180.000 Total variable costs $495.000 Contribution margin $405.000 Fixed costs Manufacturing $100,000 Selling 107.500 Asinistrative 40.000 Total fixed costs $247.500 Net income 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 594,500 next year? (Do not round intermediate calculations.) Dallallequind to eam target net profit

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