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4. You are given the following expected information for the A&M Company for the next year. Sales Volume 60,000 units Fixed Costs $40,000 Variable Costs

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4. You are given the following expected information for the A&M Company for the next year. Sales Volume 60,000 units Fixed Costs $40,000 Variable Costs $ 5/unit Determine the lowest price the company must charge to earn a 20% profit on sales. (round your answer to two decimal places) a. $5.67 b. $5.87 c. $6.80 d. $7.08

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