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Young Corporation gathered the following information Variable costs 945000 Income tax rate 40 Contribution margin ratio 35 Required a Compute total fixed costs assuming a break even volume in

Young Corporation gathered the following information:

Variable costs                                 $945,000
Income tax rate                                 40%
Contribution-margin ratio                  35%
Required:
a. Compute total fixed costs assuming a break-even volume in dollars of $1,500,000.
b. Compute sales volume in dollars to produce an after-tax net income of $250,000.
 

Jun 10 2021 View more View Less

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