Taylor Industries wants to earn a target income of $120,000, if total fixed costs are $150,000 and the contribution margin ratio is 30%. How much sales are required to earn the target income?
Taylor Industries wants to earn a target income of $120,000, if total fixed costs are $150,000 and the contribution margin ratio is 30%. How much sales are required to earn the target income?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 10E: Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22...
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Transcribed Image Text:Taylor Industries wants to earn a target income of
$120,000, if total fixed costs are $150,000 and the
contribution margin ratio is 30%.
How much sales are required to earn the target
income?
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