The contribution margin ratio of Kuck Corporation's only product is 64%. The company's monthly fixed expense is $454,200 and the company's monthly target profit is $40,200.Required:Determine the dollar sales to attain the company's target profit. (Round your answer to the nearest whole dollar amount.)Sales?
Fill in the blank(s) with the appropriate word(s).
Sales $772,500
Dollar sales to attain target profit = (Target profit + Fixed expenses) ÷ CM ratio
= ($40,200 + $454,200) ÷ 0.64 = $772,500
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