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Hurst Co. manufactures and sells a single product. Price and cost data regarding this product are as follows: Selling price $40 per unit Variable manufacturing
Hurst Co. manufactures and sells a single product. Price and cost data regarding this product are as follows: Selling price $40 per unit Variable manufacturing costs $20 per unit Variable selling & admin. expenses $6 per unit Fixed manufacturing overhead $208,000 per year Fixed selling & admin. expenses $324,000 per year How many units need to be sold to earn an annual net income equal to 10% of sales? Multiple Choice
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