FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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11. Highjinks, Incorporated, has provided the following budgeted data:
Sales
20,000 units
Selling price
$ 100 per unit
Variable expense
$ 70 per unit
$50,000
Fixed expense
How many units would the company have to sell in order to have a net operating income equal to 5%
of total sales dollars?
a) 18,000 units
b) 20,000 units
c) 15,333 units
d) 14,286 units
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Transcribed Image Text:11. Highjinks, Incorporated, has provided the following budgeted data: Sales 20,000 units Selling price $ 100 per unit Variable expense $ 70 per unit $50,000 Fixed expense How many units would the company have to sell in order to have a net operating income equal to 5% of total sales dollars? a) 18,000 units b) 20,000 units c) 15,333 units d) 14,286 units
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