Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company wishes to make a profit of 191,000.00. Fixed costs are 85,000.00 and the contribution per Unit is 50% of Sale Price. If

A company wishes to make a profit of 191,000.00. Fixed costs are 85,000.00 and the contribution per Unit is 50% of Sale Price. If the unit selling price is 20.0, how many units must be sold to achieve the target profit? (please put the answer as the number only and use two decimal places)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

First we need to calculate the contribution per unit Contribution per unit Sale price x Contribut... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting An Introduction to Concepts Methods and Uses

Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil

10th Edition

1111822239, 324639767, 9781111822231, 978-0324639766

More Books

Students also viewed these Accounting questions

Question

List kinds of access we might want to limit on a multi user system.

Answered: 1 week ago