Hassick Corporation produces and sells a single product whose contribution margin ratio is 63%.The company's monthly fixed expense is $460,530 and the company's monthly target profit is $19,000.The dollar sales to attain that target profit is closest to:

Question

Quizplus · Accepted Answer

Dollar sales to attain a target profit = (Target profit + Fixed expenses)F1F1F1S1F1F1F10 CM ratio
= ($19,000 + $460,530)F1F1F1S1F1F1F10 0.63
= $479,530 F1F1F1S1F1F1F10 0.63
= $761,159

Hassick Corporation Produces and Sells a Single Product Whose Contribution