XYZ Company desires a profit of $120,000 and expects to sell 20,000 units. Variable cost per unit is $16 and total fixed costs are $160,000. The selling price must be

Group of answer choices

$40

$30

$26

$20

None of the above

Flag question: Question 20Question 202.5 pts

The per unit selling price of a product is $200, the unit variable cost is $80, and the total fixed costs are $12,000. What is the current break-even sales in units?

Income Statement Template

Dollars Ratio

Sales Revenue ______________ _$200_

Variable Costs ______________ __(80)_

Contribution Margin ______________ _______

Fixed Costs _$12,000_____ _______

Operating Income _$____0_______ _______

Group of answer choices

100

200

220

None of the above

Flag question: Question 21Question 212.5 pts

The per unit selling price of a product is $200, the unit variable cost is $80, and the total fixed costs are $12,000. What is the current break-even sales in dollars?

Income Statement Template

Dollars Ratio

Sales Revenue ______________ _$200_

Variable Costs ______________ __(80)_

Contribution Margin ______________ _______

Fixed Costs _$12,000_____ _______

Operating Income _$____0_______ _______

Group of answer choices

$150

$8,000

$12,000

$20,000

None of the Above

Flag question: Question 22Question 222.5 pts

The per unit selling price of a product is $200, the unit variable cost is $80, and the total fixed costs are $12,000. What amount of sales revenue is necessary to earn an operating income of $30,000?

Income Statement Template

Dollars Ratio

Sales Revenue ______________ _$200_

Variable Costs ______________ __(80)_

Contribution Margin ______________ _______

Fixed Costs _$12,000_____ _______

Operating Income _$30,000_____ _______

Group of answer choices

$12,000

$28,000

$48,000

$70,000

None of the above