Desires to earn a net operating income

Assignment Help Financial Accounting

Reference no: EM13749937

Stan Ross Company produces and sells a single product. Below is the information provided by Stan Ross Company:

Units Produced and Sold: 380,000

Sales Revenue: $2,736,000

Variable Manufacturing Expenses: $1,349,000

Fixed Manufacturing Expenses: $336,000

Variable Selling and Administrative Expenses: $399,000

Fixed Selling and Administrative Expenses: $372,000

Net Operating Income: $280,000

Question: How many units must Stan Ross Company sell if the company desires to earn a net operating income that equals 15% of sales revenue? Choose closest answer:

A) 430,154 B) 610,245 C) 885,000 D) 465,790

Please show detailed help with each step explained.

Reference no: EM13749937

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