Homework Help is Here – Start Your Trial Now!
Business
Accounting
The following information is for Keystone Corporation: $289,000 Total fixed costs Variable costs per unit $85 Selling price per unit $140 If management has a targeted net income of $72,000 (ignore income taxes), then sales revenue should be A. $575,500 B. $987,000 C. $918,960 D. $659,200

The following information is for Keystone Corporation: $289,000 Total fixed costs Variable costs per unit $85 Selling price per unit $140 If management has a targeted net income of $72,000 (ignore income taxes), then sales revenue should be A. $575,500 B. $987,000 C. $918,960 D. $659,200

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.16E
See similar textbooks
icon
Related questions
Question
100%

Variable cost per unit:85, selling price per unit: 140

The following information is for Keystone Corporation: $289,000 Total fixed costs Variable costs per unit $85 Selling price per unit $140 If management has a targeted net income of $72,000 (ignore income taxes), then sales revenue should be A. $575,500 B. $987,000 C. $918,960 D. $659,200
Transcribed Image Text:The following information is for Keystone Corporation: $289,000 Total fixed costs Variable costs per unit $85 Selling price per unit $140 If management has a targeted net income of $72,000 (ignore income taxes), then sales revenue should be A. $575,500 B. $987,000 C. $918,960 D. $659,200
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS