Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. The company’s monthly fixed expense is $32,300. Required: 1. Calculate the unit sales needed to attain a target profit of $7,900. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,600. (Round your intermediate calculations to the nearest whole number.)
Contribution margin=Sales-Variable cost
=(134-67)=$67 per unit
Contribution margin ratio=Contribution margin/Sales
=(67/134)=0.5
a.Target Contribution margin=Fixed expenses+Target profit
=(32300+7900)=$40200
Hence target sales=(Target Contribution margin/Contribution margin per unit)
=40200/67
=600 units
b.Target Contribution margin=Fixed expenses+Target profit
=(32300+8600)=$40900
Hence target sales=(Target Contribution margin/Contribution margin ratio
=40900/0.5
=$81800
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