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The Armour Company had the following revenue and costs in the most recently completed fiscal year: Total revenue $11,000,000 Total fixed costs $3,000,000 Total variable
The Armour Company had the following revenue and costs in the most recently completed fiscal year: |
Total revenue | $11,000,000 |
Total fixed costs | $3,000,000 |
Total variable costs | $6,000,000 |
Total units produced and sold | 1,000,000 |
b. | How many units must be produced and sold for the company to have a net income of $1,000,000 for the year? (Round your intermediate and final answer to the nearest whole number.) |
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