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0 Problem 12-3 (similar to) Question Help (Break-even point and selling price) Specialty Steel, Inc. will manufacture and sell 200,000 units next year. Fixed costs
0 Problem 12-3 (similar to) Question Help (Break-even point and selling price) Specialty Steel, Inc. will manufacture and sell 200,000 units next year. Fixed costs will total $270,000, and variable costs will be 45 percent of sales a. The firm wants to achieve a level of earnings before interest and taxes of $300,000. What selling price per unit is necessary to achieve this result? b. Set up a pro forma income statement to verify your solution to parta a. What selling price per unit is necessary to achieve a level of eamings before interest and taxes of $300,000? (Round to three decimal places)
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