Stuart Company incurs annual fixed costs of $120,250. Variable costs for Stuart's product are $23.45 per unit, and the sales price is $35.00 per unit. Stuart desires to earn an annual profit of $53,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars:
Stuart Company incurs annual fixed costs of $120,250. Variable costs for Stuart's product are $23.45 per unit, and the sales price is $35.00 per unit. Stuart desires to earn an annual profit of $53,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Stuart Company incurs annual fixed costs of $120,250. Variable costs for Stuart's product are $23.45 per
unit, and the sales price is $35.00 per unit. Stuart desires to earn an annual profit of $53,000.
Required
Use the contribution margin ratio approach to determine the sales volume in dollars and units required to
earn the desired profit. (Do not round intermediate calculations. Round your final answers to the
nearest whole number.)
Sales in dollars:
Sales volume in units:
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