Homework Answers
Solution: $4,216,667
Working: Total fixed costs = $2,300,000
Let sales equals X
Variable cost = 40%X = 0.4X
Contribution margin = sales volume - variable expenses = 0.6X
Desired operating income = 230,000
Sales - Variable cost - Fixed cost = Desired operating income
X - .4X - 2,300,000 = 230,000
0.6X = 2,530,000
X = 4,216,667
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