COVID 19 Co. currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and fixed costs of $300,000. COVID 19 Co. is considering increasing the price of its units to $60 per unit. If the price is changed, how many units will the Company need to sell for profit to remain the same as before the price change? Select one: a. 11,250 b.12.500 C 12,000 d.10,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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COVID 19 Co. currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and fixed costs of
$300,000. COVID 19 Co. is considering increasing the price of its units to $60 per unit. If the price is changed, how many units
will the Company need to sell for profit to remain the same as before the price change?
Select one:
a. 11,250
b.12.500
C 12,000
d.10,000
Transcribed Image Text:COVID 19 Co. currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and fixed costs of $300,000. COVID 19 Co. is considering increasing the price of its units to $60 per unit. If the price is changed, how many units will the Company need to sell for profit to remain the same as before the price change? Select one: a. 11,250 b.12.500 C 12,000 d.10,000
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