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Question 6 At current sales revenue of $800, total variable costs are $640 and total fixed costs are $50. Your boss gave you a profit target of $150. How much do you need to sell in dollars to meet this target? O $840 O $1,000 O not enough information -- need data on units O $250 O $200

Question 6 At current sales revenue of $800, total variable costs are $640 and total fixed costs are $50. Your boss gave you a profit target of $150. How much do you need to sell in dollars to meet this target? O $840 O $1,000 O not enough information -- need data on units O $250 O $200

FINANCIAL ACCOUNTING
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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Question 6 At current sales revenue of $800, total variable costs are $640 and total fixed costs are $50. Your boss gave you a profit target of $150. How much do you need to sell in dollars to meet this target? $840 O $1,000 O not enough information -- need data on units. $250 O $200
Transcribed Image Text:Question 6 At current sales revenue of $800, total variable costs are $640 and total fixed costs are $50. Your boss gave you a profit target of $150. How much do you need to sell in dollars to meet this target? $840 O $1,000 O not enough information -- need data on units. $250 O $200
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