Hello I need help figuring out where I'm going wrong, I attached my work of anyone can look to see and help me out.
thank you.
Unit sales to attain target profit | 600 | (Note 2) | |
Dollar sales to attain target profit | 83,000 | (Note 3) | |
Note 1: | |||
Selling price | 135 | ||
Less: Variable cost | -54 | ||
Contribution margin | 81 | ||
Contribution margin ratio | 60% | ||
(Contribution margin / sales *100) | |||
Note 2: | |||
Target Units = (Fixed cost + target profits )/ contribution per unit | |||
=(40000+8600)/81 | |||
600 | Units | ||
Note 3: | |||
Target sales = (Fixed cost + target profit)/ contribution margin ratio | |||
=(40000+9800)/60% | |||
83,000 | |||
Tutorial Note: In answer (2), its asking for dollar sales value and not unit sales. Therefore it needs to be divided with contribution margin ratio and not by contribution margin per unit. | |||
Hello I need help figuring out where I'm going wrong, I attached my work of anyone...
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