Question

For Wildhorse Company, variable costs are 63% of sales, and fixed costs are $195,000. Management’s net income goal is $108,400.

Compute the required sales in dollars needed to achieve management’s target net income of $108,400(use the contribution margin approach) show work

Answer 1

To achieve the management's target net income of $108,400, the required sales in dollars using the contribution margin approach is approximately $108,324.32.

Step-by-step explanation:

To compute the required sales in dollars needed to achieve management's target net income of $108,400 using the contribution margin approach, you can follow these steps: