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Dunkin Company manufactures and sells a single product that sells for $480 per unit; variable costs are $300. Annual fixed costs are $990,000. Current sales volume is $4,200,000. Dunkin company management targets an annual after-tax income of $843,750. The company is subject to a 25% income tax rate. Compute the unit sales to earn the target after-tax net income.
Internal Controls
Procedures and measures taken by a business to safeguard its assets, ensure accuracy and reliability in accounting records, and enhance operational efficiency.
Payroll
The total amount paid to employees for services they provided during a certain period.
Double Time
A pay rate that is twice the employee's regular hourly rate, often applied for working on holidays or overtime.
Cumulative Earnings
The total amount of net income earned by an individual or entity over a period, often used in the context of calculating pensions or other benefits.
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