Accounting MCQ
Accounting Chapter 5
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. Thedollar sales to attain that target profit is closest to:
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. Thedollar sales to attain that target profit is closest to:
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. Thedollar sales to attain that target profit is closest to:
A. $290,134
B. $302,104
C. $761,159
D. $731,000
Answer: C
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