Problemfor turgo company variable costs are 63 of sales and, Ask an Expert

Accounting

Problem:

For Turgo Company, variable costs are 63% of sales, and fixed costs are $185,500. Management's net income goal is $58,071.

Required:

Question: Compute the required sales in dollars needed to achieve management's target net income of $58,071.

Note: Please show how you came up with the solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163723

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