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Hangers Co. manufactures and sells a single product. This product has the following operational data:
Unit sales price $30
Variable manufacturing cost per unit $17
Fixed manufacturing costs $72,000
Variable selling cost per unit $1
Fixed selling costs $27,0000
Marginal tax rate 40%
Question 1: What amount of total revenue would be needed to meet an after-tax profit target of $48,000?
Group of answer choices
Option 1: $365,000
Option 2: $630,000
Option 3: $547,500
Option 4: $447,500
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