Question
The following is Allison Corporation's contribution format income statement for last month: Sales $800,000 Less variable expenses 300,000 Contribution margin 500,000 Less fixed expenses 400,000
The following is Allison Corporation's contribution format income statement for last month:
| Sales | $800,000 |
| Less variable expenses | 300,000 |
| Contribution margin | 500,000 |
| Less fixed expenses | 400,000 |
| Net income | $100,000 |
The company has no beginning or ending inventories. The company produced and sold 10,000 units last month. How many units would the company have to sell to attain target profits of $120,000?
Multiple Choice
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11,200 units.
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12,000 units.
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10,800 units.
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10,400 units.
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Energy Management Conservation And Audits
Authors: Anil Kumar, Om Prakash, Prashant Singh Chauhan, Samsher Gautam
1st Edition
0367494930, 978-0367494933
