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Sales Revenues Variable Costs Contribution Margin Fixed Costs Operating Profit Commercial Residential $916,000 229,000 $687,000 If Sunland company management decides on a target operating profit of $1,006,500, what amount of sales revenues will be required? LA Total $616,000 $1,532,000 154,000 383,000 $462,000 1,149,000 367,500 $781,500 Required sales revenue $

Sales Revenues Variable Costs Contribution Margin Fixed Costs Operating Profit Commercial Residential $916,000 229,000 $687,000 If Sunland company management decides on a target operating profit of $1,006,500, what amount of sales revenues will be required? LA Total $616,000 $1,532,000 154,000 383,000 $462,000 1,149,000 367,500 $781,500 Required sales revenue $

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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Sunland Electrical Products serves both residential and commercial clients. Annual financial information for Sunland is as follows: Sales Revenues Variable Costs Contribution Margin Fixed Costs Operating Profit Commercial $916,000 229,000 $687,000 Residential Total $616,000 $1,532,000 Required sales revenue $ 154,000 $462,000 383,000 1,149,000 367.500 $781,500 If Sunland company management decides on a target operating profit of $1,006,500, what amount of sales revenues will be required?
Transcribed Image Text:Sunland Electrical Products serves both residential and commercial clients. Annual financial information for Sunland is as follows: Sales Revenues Variable Costs Contribution Margin Fixed Costs Operating Profit Commercial $916,000 229,000 $687,000 Residential Total $616,000 $1,532,000 Required sales revenue $ 154,000 $462,000 383,000 1,149,000 367.500 $781,500 If Sunland company management decides on a target operating profit of $1,006,500, what amount of sales revenues will be required?
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