For Flynn Manufacturing, variable costs are 70% of sales, and fixed costs are 195,000. Managements net income
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For Flynn Manufacturing, variable costs are 70% of sales, and fixed costs are €195,000. Management’s net income goal is €75,000. Compute the required sales needed to achieve management’s target net income of €75,000. (Use the contribution margin approach.)
Contribution MarginContribution 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...
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Related Book For 
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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