Accounting Help

[ShayM81]

For Turgo Company, variable costs are 55% of sales, and fixed costs are $171,000. Management’s net income goal is $101,430.

Compute the required sales in dollars needed to achieve management’s target net income of $101,430.

(I have worked this problem every way I can think of and still get an incorrect answer) Can someone solve this with detail for me please.

 

[ShayM81]

Just so you all know, I have worked the problem on my own.

I first used the steps below

$101,430 x 55%= $55,786.50

$55,786=(171,000 - $101,430) which gives me $69,570