Determine dollar sales needed to generate after-tax income, Accounting Basics

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Determine dollar sales needed to generate after-tax income

Problem:

Legacy Company is considering the production and sale of a new product with the following sales and cost data: unit sales price $18; unit variable costs $8.10; and total fixed costs of $8,250. Legacy is subject to a 25% tax rate.

Required:

Question: Determine the dollar sales needed to generate an after-tax income of $33,000

Note: Explain all calculation and formulas.

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Accounting Basics: Determine dollar sales needed to generate after-tax income

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Accounting Basics: Determine dollar sales needed to generate after-tax income

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