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Hito's Auto Spa has $95,000 of fixed costs and variable costs equal to 65% of sales. How much total sales are required to achieve a net income of $160,000?

Hito's Auto Spa has $95,000 of fixed costs and variable costs equal to 65% of sales. How much total sales are required to achieve a net income of $160,000?

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 36P: Faldo Company produces a single product. The projected income statement for the coming year, based...
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How much Total sales are required to achieve a net income of 160000?

Hito's Auto Spa has $95,000 of fixed costs and variable costs equal to 65% of sales. How much total sales are required to achieve a net income of $160,000?
Transcribed Image Text:Hito's Auto Spa has $95,000 of fixed costs and variable costs equal to 65% of sales. How much total sales are required to achieve a net income of $160,000?
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