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The following data are for Sophie Wynne Company: Initial contribution margin ratio: 65% Fixed costs: $562.000 Initial breakeven level of sales: 58,000 units Calculate the
The following data are for Sophie Wynne Company: Initial contribution margin ratio: 65% Fixed costs: $562.000 Initial breakeven level of sales: 58,000 units Calculate the selling price per unit that Sophie Wynne Company must charge in order to generate a profit of $298,000 with a sales volume of 106,000 units. Note: The 65% contribution margin ratio and the 58.000 breakeven units relate to the initial selling price, not to the revised selling price generated to answer this question. O $17.70 O $10.52 O $20.51 O $13.33
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