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5. Shady's Inc. manufactures lampshades. The controller provides you with the following information from the coming year's budget: Income tax rate Variable cost per shade

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5. Shady's Inc. manufactures lampshades. The controller provides you with the following information from the coming year's budget: Income tax rate Variable cost per shade Total fixed costs Planned unit sales of lampshades 40% $2.50 $250,000 100,000 What is the selling price per lampshade that will achieve a desired after-tax operating income of $27,000? a) $2.77 b) $2.95 c) $5.27 d) $5.45

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