Malone Company makes and sells products with variable costs of $$24$ each. Malone incurs annual fixed costs of $$428,400.$ The current sales price is $$87.$

Note: The requirements of this question are interdependent. For example, the $$252,000$ desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $$80$ sales price introduced in Requirement dapplies to the subsequent requirements.

Required

c$.$ Suppose that Malone desires to earn a $$252,000$ profit. Determine the sales volume in units and dollars required to earn the desired profit. Prepare an income statement using the contribution margin format.

Answer rating: 100% (QA)

To determine the sales volume in units and dollars required to earn a 252000 profit we need to calcu... View the full answer