Sandhill Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $41.17 Sales price...

Extracted text: Sandhill Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $41.17 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 13.17 11.77 4.17 Annual fixed expenses $15,600,000 Overhead Selling expenses 3,100,000 6,500,000 Administrative expenses Sandhill can produce 3,000,000 cases a year. The projected net income for the coming year is expected to be $3,600,000. Sandhill is subject to a 40% income tax rate. During the planning sessions, Sandhill's managers have been reviewing costs and expenses. They estimate that the company's variable cost of goods sold will increase 15% in the coming year and that fixed administrative expenses will increase by $300,000. All other costs and expenses are expected to remain the same.


Extracted text: What amount of sales revenue will Sandhill need to achleve in the coming year to earn the projected net income of $3,600,000? (Use the rounded contribution margin per unit calculated In the previous part to compute Sales Revenue. Round answer to 0 decimal places, e.g. 25,000.) Sales revenue $ Click If you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO