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Please answer ASAP thank you (LO 3-1) 3-50. CVP Analysis-Missing Data Breed Products has performed extensive studies on its costs and production and estimates the
Please answer ASAP thank you
(LO 3-1) 3-50. CVP Analysis-Missing Data Breed Products has performed extensive studies on its costs and production and estimates the following annual costs based on 150,000 units (produced and sold). Chapter 3 Fundamentals of Cost-Volume-Profit Analysis: Required a. Compute Breed's unit selling price that will yield a profit of $600,000, given sales of 150,000 units. b. Compute Breed's dollar sales that will yield a projected 20 percent profit on sales, assuming variable costs per unit are 60 percent of the selling price per unit and fixed costs are $225,000. c. Management believes that a selling price of $9 per unit is reasonable given current market conditions. How many units must Breed sell to generate the revenues (dollar sales) determined in requirement (b) Step by Step Solution
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