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Sunland Inc. earned operating income of $94,000 during 2021. The company wants to earn operating income of $131.600 during 2022. Its fixed costs are expected to be $52,640, and variable costs are expected to be 30% of sales. (a) Your answer is correct. Determine the required sales to meet the target operating income during 2022. Required sales 263,200

Sunland Inc. earned operating income of $94,000 during 2021. The company wants to earn operating income of $131.600 during 2022. Its fixed costs are expected to be $52,640, and variable costs are expected to be 30% of sales. (a) Your answer is correct. Determine the required sales to meet the target operating income during 2022. Required sales 263,200

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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subject-Accounting

Sunland Inc. earned operating income of $94,000 during 2021. The company wants to earn operating income of $131,600 during 2022. Its fixed costs are expected to be $52,640, and variable costs are expected to be 30% of sales. (a) Your answer is correct. Determine the required sales to meet the target operating income during 2022. Required sales $ 263,200
Transcribed Image Text:Sunland Inc. earned operating income of $94,000 during 2021. The company wants to earn operating income of $131,600 during 2022. Its fixed costs are expected to be $52,640, and variable costs are expected to be 30% of sales. (a) Your answer is correct. Determine the required sales to meet the target operating income during 2022. Required sales $ 263,200
Fill in the dollar amounts for the summary income statement for 2022 below based on your answer to above part. Sales revenue Variable costs Contribution margin Fixed costs $ Operating income $
Transcribed Image Text:Fill in the dollar amounts for the summary income statement for 2022 below based on your answer to above part. Sales revenue Variable costs Contribution margin Fixed costs $ Operating income $
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