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Determine the sales volume in dollars

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Question - Contribution margin ratio - Franklin Company incurs annual fixed costs of $57,550. Variable costs for Franklin's product are $31.50 per unit, and the sales price is $45.00 per unit. Franklin desires to earn an annual profit of $59,000.

Required - Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit.

Reference no: EM133126034

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