Question: Limitless Labs offers three basic drug-testing services for professional athletes. The budget for the 2nd Quarter of 2023 is shown below. Variable costs include the

 Limitless Labs offers three basic drug-testing services for professional athletes. The
budget for the 2nd Quarter of 2023 is shown below. Variable costs

Limitless Labs offers three basic drug-testing services for professional athletes. The budget for the 2nd Quarter of 2023 is shown below. Variable costs include the medical technicians' labor costs and consumable testing materials. Fixed costs total $377,000 per year, consisting of equipment depreciation (direct fixed costs $197,000 ), and building depreciation and administration costs (common fixed costs $180,000 ). A basic test is a routine test administered. A retest is given if there is concern about the first test's results, particularly if the test indicates that the athlete is positive for drugs on the banned list. Retests are not done by the laboratory that performed the basic test but instead are conducted by a different Lab in the network. A "priority" test is the laboratory's code for a high-profile case. This might be a test of a famous athlete and/or a test that might be challenged in court. The laboratory does extra work and uses expert technicians to ensure the accuracy of priority tests. Limitless Labs is subject to a 21\% tax rate. h. Assume the actual sales mix remains the same as budgeted in the quarter; determine the sales revenue (in total and by product line) necessary for the lab to achieve $100,000 after-tax profit. Limitless Labs offers three basic drug-testing services for professional athletes. The budget for the 2nd Quarter of 2023 is shown below. Variable costs include the medical technicians' labor costs and consumable testing materials. Fixed costs total $377,000 per year, consisting of equipment depreciation (direct fixed costs $197,000 ), and building depreciation and administration costs (common fixed costs $180,000 ). A basic test is a routine test administered. A retest is given if there is concern about the first test's results, particularly if the test indicates that the athlete is positive for drugs on the banned list. Retests are not done by the laboratory that performed the basic test but instead are conducted by a different Lab in the network. A "priority" test is the laboratory's code for a high-profile case. This might be a test of a famous athlete and/or a test that might be challenged in court. The laboratory does extra work and uses expert technicians to ensure the accuracy of priority tests. Limitless Labs is subject to a 21\% tax rate. h. Assume the actual sales mix remains the same as budgeted in the quarter; determine the sales revenue (in total and by product line) necessary for the lab to achieve $100,000 after-tax profit

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