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3. Lagerfield Company reported the following results from the sale of 4,220 hammers in May: sales $198,340, variable costs $88,620, fixed costs $64,000, and net
| 3. | Lagerfield Company reported the following results from the sale of 4,220 hammers in May: sales $198,340, variable costs $88,620, fixed costs $64,000, and net income $24,000. Assume that Lagerfield increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income? (Round answer to the nearest unit). |
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