A co wants to earn a target net income of 300000 during

Reference no: EM13571046

A Co. wants to earn a target net income of $300,000 during 2011. The variable costs are expected to be 25% of sales and the fixed are expected to be $60,000. The product made by James Co. sells for $80 each. SHOW CALCULATIONS.

a. What are the required sales in dollars to meet the target net income for 2011? __________

b. What is the contribution margin for 2011? ________________

c. What is the contribution margin per unit for 2011? _____________________

d. What is the breakeven point in dollars for 2011? ___________________

Reference no: EM13571046

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