Question
A product sells for $20 per unit and has a contribution margin ratio of 40%. Fixed expenses total $120,000 annually. How many units must be
A product sells for $20 per unit and has a contribution margin ratio of 40%. Fixed expenses total $120,000 annually.
How many units must be sold to yield an annual net income (target profit) of $30,000?
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
