Question: hi! i need help finding the $ for required sales For Oriole Company, variable costs are 61% of sales, and fixed costs are $182,000. Management's

hi! i need help finding the $ for required sales
hi! i need help finding the $ for required sales For Oriole

For Oriole Company, variable costs are 61% of sales, and fixed costs are $182,000. Management's net income goal is $120,250. Compute the required sales in dollars needed to achieve management's target net income of $120.250. (Use the contribution margin approach.) Required sales $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!