Morgan Manufacturing has fixed costs of $2,200,000 and variable costs are 35% of sales. What are the required sales if Morgan Manufacturing desires a net income of $300,000? a. $3,846,154 b. $7,142,857 c. $5,000,000 d. $2,500,000

Morgan Manufacturing has fixed costs of $2,200,000 and variable costs are 35% of sales. What are the required sales if Morgan Manufacturing desires a net income of $300,000? a. $3,846,154 b. $7,142,857 c. $5,000,000 d. $2,500,000

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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Morgan Manufacturing has fixed costs of $2,200,000 and variable costs are
35% of sales. What are the required sales if Morgan Manufacturing desires a
net income of $300,000?
a. $3,846,154
b. $7,142,857
c. $5,000,000
d. $2,500,000

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