Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
florida1014 florida1014
wrote...
Go to Answer
Posts: 141
Rep: 0 0
A year ago
Morgan Creations sells monogrammed baby blankets. The blankets sell for $36 each. Variable costs are $12 per blanket and fixed costs total $45,000. Morgan wishes to have operating income of $9,000.

Required:

a.How many blankets must Morgan sell to meet her target operating income?
b.If Morgan can cut her fixed costs by 20%, to reach her target income, how many
blankets will she need to sell?
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 72 times
1 Reply
Replies
Answer verified by a subject expert
sbbaltsbbalt
wrote...
#1
Posts: 133
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

florida1014 Author
wrote...

A year ago
Thank you, thank you, thank you!
sleinhi
wrote...

Yesterday
You make an excellent tutor!
momochiime
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  883 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 114
  
 304
  
 158