What volume of sales dollars is required to earn a target income of $340000 if total fixed costs are $200000 and the contribution margin ratio is 40%?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What volume of sales dollars is required to earn a target income of $340000 if total fixed costs are $200000 and the contribution
margin ratio is 40%?
$990000
O $900000
O $850000
O $1350000
Transcribed Image Text:What volume of sales dollars is required to earn a target income of $340000 if total fixed costs are $200000 and the contribution margin ratio is 40%? $990000 O $900000 O $850000 O $1350000
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