Answered: Fixed cost $80,000; Variable cost $2…

Fixed cost $80,000; Variable cost $2 per unit; Selling price $10 per unit. Required: Turnover for a profit target of $60,000. a. $17500. b. $17000. c. $17400. d. $18667.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Fixed cost $80,000; Variable cost $2 per unit; Selling price $10 per unit.
Required: Turnover for a profit target of $60,000.

$17500.

$17000.

$17400.

$18667.

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