Canoes Sale for $520 each Target Profit $83,000 Fixed Costs are 143,880 Variable Cosdts are $143 (Round Unit Contribution to 2 Decimal Places. Round answer to next whole number.) Break Even Unite=381.61 or 381 Break Even Sales =198,445 Target Sales: Fixed Costs + Target Profit/Contribution Margin ratio $143,880+83,000/72.50=3,129.37 or 3,130?
Canoes Sale for $520 each Target Profit $83,000 Fixed Costs are 143,880 Variable Cosdts are $143 (Round Unit Contribution to 2 Decimal Places. Round answer to next whole number.) Break Even Unite=381.61 or 381 Break Even Sales =198,445 Target Sales: Fixed Costs + Target Profit/Contribution Margin ratio $143,880+83,000/72.50=3,129.37 or 3,130?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Canoes Sale for $520 each
Target Profit $83,000
Fixed Costs are 143,880
Variable Cosdts are $143
(Round Unit Contribution to 2 Decimal Places. Round answer to next whole number.)
Break Even Unite=381.61 or 381
Break Even Sales =198,445
Target Sales: Fixed Costs + Target Profit/Contribution Margin ratio
$143,880+83,000/72.50=3,129.37 or 3,130?
Expert Solution
Step 1
Target sales can be calculated by dividing the sum of fixed cost and target profit with the contribution margin ratio.
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