A local toolmaker makes the best hammers on the market. The head of the hammer costs $16.89 and the handle costs $5.52. It takes 1.4 minutes to assemble the hammer and the hourly cost is $85 for assembly time. The company has fixed operating costs of $20371 per month. They sell the hammers for three times their total variable cost. The company wants to make a monthly profit of $5553. How many hammers must they sell? Round to the nearest whole number

A local toolmaker makes the best hammers on the market. The head of the hammer costs $16.89 and the handle costs $5.52. It takes 1.4 minutes to assemble the hammer and the hourly cost is $85 for assembly time. The company has fixed operating costs of $20371 per month. They sell the hammers for three times their total variable cost. The company wants to make a monthly profit of $5553. How many hammers must they sell? Round to the nearest whole number

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 11EA: Markson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge...

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