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Wildhorse Company had $ 278,700 of net income in 2019 when the selling price per unit was $ 154 , the variable costs per unit
Wildhorse Company had $ 278,700 of net income in 2019 when the selling price per unit was $ 154, the variable costs per unit were $ 94, and the fixed costs were $ 573,300. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $ 42,600 in 2020.
Assume that Wildhorse Company sells the same number of units in 2020 as it did in 2019. What would the selling price have to be in order to reach the stockholders desired profit level?
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