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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
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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
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