Event Company produces a single product with the following characteristics: price per unit, $30.00; variable...
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Accounting
Event Company produces a single product with the following characteristics: price per unit, $30.00; variable material cost per unit, $9.20; variable labor cost per unit, $4.40; variable overhead cost per unit, $2.20; and fixed overhead cost per unit, $3.00. Event Company's manufacturing fixed costs are $5 million, and selling, general, and administration fixed costs are $1.5 million. What dollar sales are required for Event Company to earn a target profit of $600,000?
(Need this for excel, can you provide the formulas needed?) Thanks in advance
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