a company requires $1,360,000 in sales to meet its net income target. its contribution margin is 30%

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a company requires $1,360,000 in sales to meet its net income target. its contribution margin is 30% and fixed costs are $240,000. what is the target income?

1. $408,000

2. $312,000

3. $560,000

4. $168,000

Related Book For answer-question

Cost Accounting A Managerial Emphasis

ISBN: 978-0136126638

13th Edition

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

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Posted Date: Aug 30, 2018 07:47 AM

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a company requires $1,360,000 in sales to meet its net income target. its contribution margin is 30%

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Compute the contribution as follows Contribution m... View the full answer

Cost Accounting A Managerial Emphasis

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