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The following data are for Sophie Wynne Company: - Initial contribution margin ratio: 60% - Fixed costs: $100,000 - Initial breakeven level of sales: 50,000

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The following data are for Sophie Wynne Company: - Initial contribution margin ratio: 60% - Fixed costs: $100,000 - Initial breakeven level of sales: 50,000 units Calculate the selling price per unit that Sophie Wynne Company must charge in order to generate a profit of $220,000 with a sales volume of 113,000 units. Note: The 60% contribution margin ratio and the 50,000 breakeven units relate to the initial selling price, not to the revised selling price generated to answer this question. $4.83 $4.70 $2.22 $A17

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