... and nonprofit.Whatever their situations, managers need to know budgeting.Webster07.qxd 8/29/2003 10:22 AM Page 143 Accounting for Managers9 2Profit before taxes 0Less: Income taxes 0Profit ... can adjust for any actual output.Manager’s Checklist for Chapter 7❏In any cost accounting system, determining overhead isthe major effort.❏Overhead is the first place to look for cost savings. ... (1 – .35) x BEFORE$30,000 ÷ .65 = BEFORE$46,154 = BEFORETherefore, Sales $ = $10XLess:Variable costs = $6XContribution margin $86,154 = $4XLess: Fixed costs 40,000Profit before taxes $46,154Less:...