Question
1. When Finer Form Company sold 50 000 units of products for $10 per unit, the contribution margin per unit was $3 and net income
1. When Finer Form Company sold 50 000 units of products for $10 per unit, the contribution margin per unit was $3 and net income was 120,000. What was the total amount of fixed costs?
2. Flowers Co. sells a single product for $28 per unit. If unit variable cost is 16 per unit of sales and fixed expenses total 12,000, the breakeven point will be
3. Variable cosy for Little Pie Company is 40% of sales and the break even point in total sales is $600,000. If target net operating income is 120,000, what would the target total sales be (assuming the fixed costs remain the same)?
4. Tony's Beach T-Shirts has fixed annual operating costs of $75,000. Tony retails his T-shirts for $14.99 each and the variable cost per T-shirt is $4.99. Based on this information, how many units would the company need to sell in order to break even?
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