PerfectFit Company sells shirts for men and boys. The selling price and variable costs for men's shirts
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Question:
PerfectFit Company sells shirts for men and boys.
The selling price and variable costs for men's shirts are $98.00 and $69.60 respectively.
The selling price and variable costs for boys' shirts are $58.00 and $41.20 respectively.
Total fixed costs are $298,000 and the sales mix is 3:1 men's shirts:boys' shirts.
Tax rate is 35%.
How many of each shirt must be sold to earn $71,500 of net income after taxes?
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
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