Learner Company wants to earn a net income of $250,000 next year. Product costs are as follows:
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Learner Company wants to earn a net income of $250,000 next year. Product costs are as follows:
Direct materials per unit of product $60;
Direct labor per unit of product $105;
Variable overhead per unit of product $10;
Total fixed factory overhead $600,000
Fixed selling and administrative expense totals $300,000.
Learner Company has a tax rate of 35 percent.
Based on the given information, calculate the before-tax profit needed to achieve an after-tax target of $325,000
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