Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN: 9781305970663
Author: Don R. Hansen, Maryanne M. Mowen
Publisher: Cengage Learning
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please solve this question step by step general accounting

LumenTech Electronics wants to determine the required sales
to achieve a target income of $150,000. The company has fixed
costs of $250,000 and a contribution margin ratio of 40%.
Calculate the required sales to meet the target income.
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Transcribed Image Text:LumenTech Electronics wants to determine the required sales to achieve a target income of $150,000. The company has fixed costs of $250,000 and a contribution margin ratio of 40%. Calculate the required sales to meet the target income.
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