Reference no: EM132749473
Question: The Angel Company had the following absorption costing income statement for the month of July 31, 2020: Angel Company Income Statement For the Month Ended July 31, 2020
Sales ($60 X 10,000) $600,000
Cost of goods sold:
Direct materials ($12X10,000) $120,000
Direct labor ($9 X10,000) 90,000
Variable factory overhead ($7.50 X 10,000) 75,000
Fixed factory overhead 120,000 405,000
Gross profit $195,000
Selling and administrative expenses:
Variable ($1.50 X 10,000) $ 15,000 Fixed 90,000 105,000
Operating income $ 90,000
What is the sales volume in units required to earn a before-tax target profit of $9,000?
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