The unit selling price is $11 and the variable cost per unit is $5 and the total fixed costs are $147,921. What are the required sales in dollars to earn a net income of $444,253? Round the contribution margin ratio to at least seven decimal places for your calculation. Round only your final answer to the nearest one dollar and do not type the dollar sign.

The unit selling price is $11 and the variable cost per unit is $5 and the total fixed costs are $147,921. What are the required sales in dollars to earn a net income of $444,253? Round the contribution margin ratio to at least seven decimal places for your calculation. Round only your final answer to the nearest one dollar and do not type the dollar sign.

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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