Question

Barber Company incurs annual fixed costs of $240,000. Variable costs for Barber’s product are $15 per unit, and the sales price is $40 per unit. Barber desires to earn a profit of $160,000.

Required
Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit.



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  • CreatedFebruary 07, 2014
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