Current Attempt in ProgressMoss, Inc. has total fixed costs of $56,000 and acontribution margin ratio of 40%. Moss wants to generatenet income totaling $35,000. How much will sales revenuebe at Moss target net income?O $57,400.O $140,000.O $227,500.O $127,400.

Compute target fixed cost as shown below:

Answered: Current Attempt in Progress Moss, Inc.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Current Attempt in Progress Moss, Inc. has total fixed costs of $56,000 and a contribution margin ratio of 40%. Moss wants to generate net income totaling $35,000. How much will sales revenue be at Moss target net income? O $57,400. O $140,000. O $227,500. O $127,400.