Ironwood Inc. has a variable cost ratio of 65% and fixed costs of $82,600. What sales...

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Answer 1

Answer #1

Answer:

Contribution = Fixed Cost + Profit

= $82,600 + $102,200

= $184,800

If variable cost ratio is 65% of sales, the contribution ratio is 35% of sales

Then, Sales Revenue = Contribution/Contribution ratio

= $184,800/0.35

= $528,000

Hence, the answer is $528,000

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Answer 2

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