Question
Fixed costs = 167,320 Desired profit = 50,000 1-tax rate of 21% = 0.79 cm per unit = 14.625 I put down 15,768 as the
Fixed costs = 167,320
Desired profit = 50,000
1-tax rate of 21% = 0.79
cm per unit = 14.625
I put down 15,768 as the answer on my hw and my teacher said it wrong. The reason being is that rounding should fix my answer. I am confused on this problem can someone please help?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
17th Edition
1119613698, 978-1119613695
