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Compute sales for target net income. For Turgo Company, variable costs are 60% of sales,...

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Accounting

Compute sales for target net income. For Turgo Company, variable costs are 60% of sales, and fixed costs are $195,000. Management's net income goal is $75,000. Compute the required sales in dollars needed to achieve management's target net income of $75,000. (Use the contribution margin approach.)

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