Question: I got my answer wrong. Please Help! For Flynn Company, variable costs are67% of sales, and fixed costs are $175,000. Management's net income goal is
I got my answer wrong. Please Help!
For Flynn Company, variable costs are67% of sales, and fixed costs are $175,000. Management's net income goal is $85,000.
Compute the required sales in dollars needed to achieve management's target net income of $85,000. (Use the contribution margin approach.)(Round answer to 0 decimal places, e.g. 1,225.)
Required sales$: 1-67%= 33%
(175,000+85,000)/33%= 85,800
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
