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AAA Company produced a product which had a selling price of $20 and a variable cost which amounted to 60% of sales. The company wants
AAA Company produced a product which had a selling price of $20 and a variable cost which amounted to 60% of sales. The company wants a profit after tax of $15,000. The tax rate is 20% and fixed costs amount to $60,000. AAA must sell.
A. 6,250
B. 7,396
C. 9,375
D. 9,844
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
