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Liman corporation - equation method

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Reference no: EM13554836

Liman Corporation has a single product whose selling price is $140 and whose variable cost is $60 per unit. The company's monthly fixed expense is $40,000.

Required:

1. Using the equation method, solve for the unit sales that are required to earn a target profit of $6,000.

2. Using the contribution margin approach, solve for the dollar sales that are required to earn a target profit of $8,000.

Reference no: EM13554836

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