For Turgo Company, variable costs are 60% of sales, and fixed costs are $173,600. Management’s net income goal is $95,400.
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Net Income = Sales - Total cost
95400 = sales - (173600+60% of sales)
95400 + 173600 = sales - 0.6 x sales
269000 = 0.4 x sales
sales = $672500
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