Quick answer of this accounting questions Calculate required sales to earn a targetincome of $120,000, with fixed costs of$200,000 and contribution margin ratio of50%.

Step 1: Definition of Required SalesRequired sales represent the total sales revenue a company needs…

Answered: Calculate required sales to earn a…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1EA: Calculate the per-unit contribution margin of a product that has a sale price of $200 if the...

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The contribution margin ratio is 50%. If total fixed costs are \$21,000 , then what is the total cost ($) of producing and selling 55,000 units ?the selling price is 5$ per uint
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1) A company has a target income of $128,000. The contribution margin ratio is 30%. What dollar amount of sales must be achieved to reach the goal if fixed costs are $64,000? Targeted dollar sales ($64,000+ $128,000)/0.30 = $640,000 -
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Calculate required sales to earn a target income of $120,000, with fixed costs of $200,000 and contribution margin ratio of 50%.