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Solomon Company incurs annual fixed costs of $80,455. Variable costs for Solomon's product are $27.60 per unit, and the sales price is $40.00 per unit.
Solomon Company incurs annual fixed costs of $80,455. Variable costs for Solomon's product are $27.60 per unit, and the sales price is $40.00 per unit. Solomon desires to earn an annual profit of $53,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) X Answer is complete but not entirely correct. Sales in dollars $ 430,480 X 10,762 Sales volume in units
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