3.3 Objective 3.31) Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dressis $1,200, variable costs are $700, and fixed costs are $100,000. How many dresses must the Bridal Shoppe sell to yield after-tax net income of $20,000, assuming the tax rate is 40%?
Diff: 3Objective: 3AACSB: Analytical thinking2) Anglico's most recent income statement is given below.Sales (8,000 units)$160,000Less variable expenses (68,000)Contribution margin 92,000Less fixed expenses (50,000)Net income $42,000Required:a. Contribution margin per unit is $ ________ per unitb. If sales are doubled total variable costs will equal $ ________c. If sales are doubled total fixed costs will equal $ ________d. If 20 more units are sold, profits will increase by $ ________e. Compute how many units must be sold to break even. # ________f. Compute how many units must be sold to achieve operating income of $60,000.# ________g. Compute the revenue needed to achieve an after taxincome of $30,000 given a tax rate of 30%. $ ________