Logsdon Corporation Produces and Sells a Single Product Whose Contribution

question 311

Multiple Choice

Logsdon Corporation produces and sells a single product whose contribution margin ratio is 63%. The company's monthly fixed expense is $720,720 and the company's monthly target profit is $28,000. The dollar sales to attain that target profit is closest to:

• A) $471,694
• B) $454,054
• C) $1,188,444
• D) $1,144,000

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Definitions:

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The social and physical surroundings within a family unit, including relationships, structures, and cultural norms that influence individual development.

Self-awareness

Insight into one’s own inner life, including emotions, analytical thinking, and understanding one's place in the social world.

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Facilities in the United States that provide care and supervision for children during the day, particularly while parents are at work, including educational and recreational activities.

Dependence Training

An educational or socialization process that encourages reliance on others, often seen in certain cultural or familial contexts.