Company data: ⚫ Sales price: $75 . CM ratio: 20% ⚫ Fixed costs: $240,000 To achieve $60,000 profit, what must sales be in dollars and units?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 23E
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Company data:
⚫ Sales price: $75
. CM ratio: 20%
⚫ Fixed costs: $240,000
To achieve $60,000 profit, what must sales be in dollars and units?
Transcribed Image Text:Company data: ⚫ Sales price: $75 . CM ratio: 20% ⚫ Fixed costs: $240,000 To achieve $60,000 profit, what must sales be in dollars and units?
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