Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Walton reported sales of $640,000, fixed costs of $314,000, and a profit of $92,000. If the contribution margin is $8 per unit, how many units

Walton reported sales of $640,000, fixed costs of $314,000, and a profit of $92,000. If the contribution margin is $8 per unit, how many units did Walton sell?

A. 11,500 units

B. 31,125 units

C. 50,750 units

D. 70,375 units

Step by Step Solution

3.51 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

Ans Sales 640000 fixed costs 314000 Profit 92000 C... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management Accounting And Control

Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan

6th Edition

324559674, 978-0324559675

More Books

Students also viewed these Accounting questions

Question

Were any of the authors students?

Answered: 1 week ago