Question
The following information is available for the 23,000 units of X Company's one product sold in 2016: Selling price $55 Variable costs per unit $11
The following information is available for the 23,000 units of X Company's one product sold in 2016:
| Selling price | $55 |
| Variable costs per unit | $11 |
| Fixed costs | $414,000 |
In 2017, variable costs per unit and fixed costs will not change. X Company thinks that it can increase sales to 29,000 units by lowering the selling price. What must the selling price be in 2017 in order for X Company to earn $633,880?
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Auditing The Procurement Function The Iia Research Foundation Handbook Series
Authors: David O Regan, CIA, FCA
1st Edition
0894136224, 978-0894136221
