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[The following information applies to the questions displayed below.] . Lin Corporation has a single product whose selling price is $120 and whose variable expense
[The following information applies to the questions displayed below.].
Lin Corporation has a single product whose selling price is $120 and whose variable expense is $80 per unit. The companys monthly fixed expense is $50,000.
Required:
1. Using the equation method, determine for the unit sales that are required to earn a target profit of $10,000.
2. Using the formula method, determine for the unit sales that are required to earn a target profit of $15,000.
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