Solving for unknowns, tax brackets, unit contribution margin approach, taxes (LO1, LO2). SpringFresh provides commercial laundry and linen services to local hospitals, hotels, and restaurants....

Solving for unknowns, tax brackets, unit contribution margin approach, taxes (LO1, LO2). SpringFresh provides commercial laundry and linen services to local hospitals, hotels, and restaurants. SpringFresh charges its customers $1.50 per pound laundered, regardless of the items to be cleaned (e.g., sheet, towel, garment, tablecloth) Spring- Fresh’s variable costs equal $0.50 per pound laundered, with fixed costs amounting to $50,000 per month. SpringFresh’s income tax rate is 25%.

Required:

What is the volume of laundry (in pounds) that must be processed if SpringFresh desires to earn $120,000 in profit after taxes for the year?