Question
The formula for calculating target profit in dollars is: (Fixed Costs + Target Profit) / CM Ratio (Fixed Costs + Target Profit) / CM per
The formula for calculating target profit in dollars is:
| (Fixed Costs + Target Profit) / CM Ratio | ||
| (Fixed Costs + Target Profit) / CM per Unit | ||
| (Fixed Costs + Variable Costs) / CM Ratio | ||
| (Fixed Costs + Contribution Margin) / CM Ratio |
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Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
5th Edition
1259256081, 978-1259256080
