Answered: Bailey Manufacturing has variable costs…

Bailey Manufacturing has variable costs that are 75% of sales, current sales of $800,000, and fixed costs of $150,000. What is the dollar amount of sales required to achieve a net income of $90,000?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 36P: Faldo Company produces a single product. The projected income statement for the coming year, based...

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I want to this question answer general accounting

Bailey Manufacturing has variable costs that are 75%
of sales, current sales of $800,000, and fixed costs of
$150,000. What is the dollar amount of sales required
to achieve a net income of $90,000?

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