LumenTech Electronics wants to determine the required sales to achieve a target income of $150,000. The company has fixed costs of $250,000 and a contribution margin ratio of 40%. Calculate the required sales to meet the target income.

LumenTech Electronics wants to determine the required sales to achieve a target income of $150,000. The company has fixed costs of $250,000 and a contribution margin ratio of 40%. Calculate the required sales to meet the target income.

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 10E: Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22...

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please solve this question step by step general accounting

LumenTech Electronics wants to determine the required sales
to achieve a target income of $150,000. The company has fixed
costs of $250,000 and a contribution margin ratio of 40%.
Calculate the required sales to meet the target income.

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