David Company, a manufacturer of riding lawn mowers, has a projected income for the coming...
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Accounting
David Company, a manufacturer of riding lawn mowers, has a projected income for the coming year as follows Sales46,000,000
Operating expenses:
Variable expenses32,200,000
Fixed expenses7,500,000
Total expenses39,700,000
Operating income6,300,000
Targeted operating income =8,000,000
Increase in variable expenses =12%
Required
1.Determine the breakeven point in sales dollars.
2.Determine the required sales in dollars to earn a pretax income of $8,000,000.
3.What is the breakeven point in sales dollars if the variable expenses increases by 12 percent?
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