Multiple Choice
Epex Pty Ltd makes a single product. Annual fixed expenses are $48 000 and the contribution margin ratio is 30 per cent. What volume in sales dollars is necessary for Epex to achieve a target profit of $15 000?
A) $63 000
B) $90 000
C) $160 000
D) $210 000
Correct Answer:
Verified
Correct Answer:
Verified
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