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VirtualTech Inc. has the following projected figures for the next year: Projected Sales: 1,200,000 Variable Costs: 55% of Sales Fixed Costs: 350,000 Requirements: Calculate the
VirtualTech Inc. has the following projected figures for the next year:
- Projected Sales: £1,200,000
- Variable Costs: 55% of Sales
- Fixed Costs: £350,000
Requirements:
- Calculate the contribution margin ratio.
- Determine the break-even sales revenue.
- If the company desires a target profit of £120,000, calculate the required sales revenue.
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
