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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:

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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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:
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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