Principles of Cost Accounting
17th Edition
ISBN: 9781305087408
Author: Edward J. Vanderbeck, Maria R. Mitchell
Publisher: Cengage Learning
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Transcribed Image Text:Ivan Company has a goal or earning $70,000 after-
tax income. Ivan would need to pay $20,000 of
income taxes at the target level of income. The
contribution margin ratio is 30%. What amount of
dollar sales must be achieved to reach the goal if
fixed costs are $36,000?
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