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Young Corporation has determined the contribution margin ratio is 35% and the income tax rate is 40%. Required: A) Assume break-even volume in dollars is

Young Corporation has determined the contribution margin ratio is 35% and the income tax rate is 40%.

Required:

A) Assume break-even volume in dollars is $1,500,000. What are total fixed costs?

B) Assume Young Corporation wants after-tax net income of $300,000. What volume of sales in dollars is

necessary to achieve this net income?

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