Question
A recent income statement of McClennon Corporation reported the following data: Units sold 7,200 Sales revenue $ 8,280,000 Variable costs 4,680,000 Fixed costs 2,650,000 If
A recent income statement of McClennon Corporation reported the following data:
| Units sold | 7,200 | ||
| Sales revenue | $ | 8,280,000 | |
| Variable costs | 4,680,000 | ||
| Fixed costs | 2,650,000 | ||
If the company desired to earn a target profit of $1,250,000, it would have to sell:
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4,978 units.
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7,800 units.
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9,360 units.
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11,108 units.
-
None of the answers is correct.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
