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Lagerfield Company reported the following results from the sale of 4,960 hammers in May: sales $203,360, variable costs $119,040, fixed costs $56,000, and net income
Lagerfield Company reported the following results from the sale of 4,960 hammers in May: sales $203,360, variable costs $119,040, fixed costs $56,000, and net income $28,320. Assume that Lagerfield increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income? (Round answer to the nearest unit). O 3.996 5,456 O 3.294 O 2,654
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