Homework Answers
Contribution margin=Sales-Variable costs
=(100-60)=40%
At breakeven point;Contribution margin=Fixed cost=($690,000*0.4)=$276000
Hence for target profits;Target Contribution margin=Target profits+Fixed costs
=(10,000+276,000)=$286,000
Hence target sales=$286,000/Contribution margin ratio
=$286,000/0.4
=$715,000
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