Question
The contribution margin ratio is 20% for Crowne Company and the break-even point in sales is $270,000. If Crowne Company's target operating profit is $67,000,
The contribution margin ratio is 20% for Crowne Company and the break-even point in sales is $270,000. If Crowne Company's target operating profit is $67,000, sales would have to be
a). $605,000.
b). $337,000.
c). $400,000.
d). $335,000.
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Fundamental Managerial Accounting Concepts
Authors: Edmonds, Tsay, olds
6th Edition
71220720, 78110890, 9780071220729, 978-0078110894
