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Parks Castings Inc. will manufacture and sell 200,000 units next year. Fixed costs will total $290,000, and variable costs will be 60 percent of sales.
Parks Castings Inc. will manufacture and sell 200,000 units next year. Fixed costs will total $290,000, and variable costs will be 60 percent of sales. a. The firm wants to achieve a level of earnings before interest and taxes of $270,000. What selling price per unit is necessary to achieve this result?
b. Set up an analytical income statement to verify your solution to part A
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