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Please solve iandhill Co. had a net loss of $152,000 in 2021 when the selling price per unit was $40, the variable costs per init
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iandhill Co. had a net loss of $152,000 in 2021 when the selling price per unit was $40, the variable costs per init were $20, and the fixed costs were $602,000. Management expects per unit data and total fixed costs to be the same in 2022. Management has set a goal of earning a net income of $77,500 in 2022 . Compute the units sold in 2021. Units sold in 2021 units Compute the quantity of units that would have to be sold in 2022 to reach management's desired net income level. Units sold in 2022 units eTextbook and Media Assume that Sandhill sells the same quantity of units in 2022 as it did in 2021. What would the selling price have to be in order to reach the target net income? Use the mathematical equation. (Round answer to 2 decimal places, e.g. 52.75.) Selling price Step by Step Solution
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