I am having trouble with a Cybertext problem in the Cost Volume Relationships - Profit...
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Accounting
I am having trouble with a Cybertext problem in the Cost Volume Relationships - Profit Planning section.
It reads: For 20x2 the selling price per lamp will be $45. The company would like to have a operating income equal to 31% of sales. If that is to be achieved, what would be the sales in units in 20x2?
There's no other data given. From previous problems:
Fixed Costs: $380,000,
Contribution Margin per Unit is 21.7018250
Variable Cost per Unit: $23.2981750
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