The contribution margin ratio of Thronson Corporation's only product is 61%. The company's monthly fixed expense is

Question:

The ratio of Thronson Corporation's only product is 61%. The company's monthly fixed expense is $456,300 and the company's monthly target profit is $42,300.
Required:
Determine the dollar sales to attain the company's target profit. (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.)
Sales ............................................................ $
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...