Consider the following information available for Barium Company. Consider the following information available forBarium Company:Total fixed costs$1,520,000Contribution margin ratio 0.32Based on the given information, calculate the salesrevenue needed to achieve a target profit of$410,000.

Explanation of Fixed Costs: Fixed costs are expenses that remain constant regardless of the level of…

Answered: Consider the following information…

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 17E

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Consider the following information available for Barium Company: Total fixed costs $1,520,000 Contribution margin ratio 0.32 Based on the given information, calculate the sales revenue needed to achieve a target profit of $410,000.