For Biswell Company, variable costs are 70% of sales and fixed costs are $188,400. Calculate the...
For Biswell Company, variable costs are 70% of sales and fixed
costs are $188,400. Calculate the required sales in dollars that
are needed to achieve management’s target operating income of
$83,100. (Use the contribution margin approach.)
Homework Answers
Contribution margin ratio
= 1 – Variable cost ratio
= 1 – 0.70
= 0.30 or 30%
Now, Target Sales to achieve Target Operating Income
= (Fixed Costs + Target Profit) / Contribution Margin Ratio
= ($188,400 + $83,100) / 0.30
= $905,000
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