Homework Answers
Answer
--Correct Answer = Option 'F' $ 533,443
--Working
| A | After tax profits | $43,900 |
| B = A/65% | Before tax profits | $67,538 |
| C = 91800 + 22032 | Total new fixed cost | $113,832 |
| D = B+C | Total contribution margin required | $181,370 |
| E | Contribution margin ratio | 0.34 |
| F = D/E | Revenue required to be earned for target profit | $533,443 |
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