FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The contribution margin ratio of Donath Corporation's only product is 6 5 % . The company's monthly fixed expense is $ 5 7 3 ,

The contribution margin ratio of Donath Corporation's only product is 65%. The company's monthly fixed expense is $573,300 and the company's monthly target profit is $9,100.
Required:
Determine the dollar sales to attain the company's target profit. Show your work
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Accounting And Control

Cost Management Accounting And Control

Authors: Don R. Hansen, Maryanne M. Mowen

3rd Edition

0324002327, 978-0324002324

More Books

Students also viewed these Accounting questions

Question

★★★★★
In 2009, the average charge for tax preparation by H&R Block, Inc. was $187. Assuming a normal distribution and a standard deviation of = $20, what proportion of H&R Blocks tax preparation fees were...

Answered: 1 week ago

Question

★★★★★
Let X have a Poisson distribution with parameter . Show that E(X) = directly from the definition of expected value. [Hint: The first term in the sum equals 0, and then x can be can- celed. Now factor...

Answered: 1 week ago

Question

★★★★★
How is a bivariate outlier identified in a scatterplot?

Answered: 1 week ago

Question

★★★★★
Medicis Pharmaceutical Corp. makes Solodyn, a prescription oral antibiotic. Medicis warns physicians that "autoimmune syndromes, including drug-induced lupus-like syndrome," may be associated with...

Answered: 1 week ago

Question

★★★★★
Copy the formula to cell C 7 and edit the Field argument to use the fourth column ( Use DSUM in cells B 8 :C 9 to calculate results for the two remaining departments.

Answered: 1 week ago

Question

★★★★★
New research has been released, that adults should get a mean of 7 hours of sleep per night. A sleep therapist claims the population mean is greater than this and tested her belief by taking a random...

Answered: 1 week ago

Question

★★★★★
Harold's Haberdashery sells custom-made suits. Each suit is made after the customer has placed the order and has been measuredDuring the first quarter, Harold's estimates it will produce 352 suitsIt...

Answered: 1 week ago

Question

★★★★★
Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $0.45 at the end of the year. Its dividend is expected to grow at a constant rate of 9.00% per year. If...

Answered: 1 week ago

Question

★★★★★
Which of the following statements about quantitative easing (QE) and open-market purchases is true? Multiple Choice QE is similar to open-market purchases in that both are aimed at reducing...

Answered: 1 week ago

Question

★★★★★
The articles of Valley Farms Inc. inadvertently indicated that its agent for service of process was Samantha Roberts rather than Samantha Robertson. Luisa owes the corporation $30,000 and is...

Answered: 1 week ago

Question

★★★★★
1) Have you ever applied the doctrine of mean in your moral evaluation? Share the moment in your life when you applied this moral principle but if you disagree with the notion of this principle,...

Answered: 1 week ago

Question

★★★★★
=+What is our leadership style like?

Answered: 1 week ago

Question

★★★★★
=+What are our core competencies or competitive advantages?

Answered: 1 week ago

Question

★★★★★
=+What is our voice as a brand, and what is the voice of our community?

Answered: 1 week ago

Previous Question Next Question