For MeriDen Company, variable costs are (60 %) of sales, and fixed costs are ($ 195,000). Management's

Question:

For MeriDen Company, variable costs are $60 \%$ of sales, and fixed costs are $\$ 195,000$. Management's net income goal is $\$ 75,000$. Compute the required sales in dollars needed to achieve management's target net income of $\$ 75,000$. (Use the contribution margin approach.)

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