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Yore Company produced and sold 1,200 units of one product and had the following information: Net Income: $60,000 Contribution Margin Ratio: 0.4 Fixed Cost per
Yore Company produced and sold 1,200 units of one product and had the following information:
Net Income: $60,000
Contribution Margin Ratio: 0.4
Fixed Cost per unit: $120
1. What is selling price for one unit of Yores product?
2. What is Yores breakeven point in terms of units sold?
3. If Yore wants to earn $100,000 next year, what must it sales revenue be?
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