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LumaTech Inc. desires a net income of $480,000. It has fixed costs of $1,200,000, and its variable costs are 65% of sales. What is the required sales to achieve this income?

LumaTech Inc. desires a net income of $480,000. It has fixed costs of $1,200,000, and its variable costs are 65% of sales. What is the required sales to achieve this income?

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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What is the required sales to achieve this income? Please solve general accounting question do fast

LumaTech Inc. desires a net income of $480,000. It has fixed costs of $1,200,000, and its variable costs are 65% of sales. What is the required sales to achieve this income?
Transcribed Image Text:LumaTech Inc. desires a net income of $480,000. It has fixed costs of $1,200,000, and its variable costs are 65% of sales. What is the required sales to achieve this income?
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