Answered: Johnson's Plumbing's fixed costs are…

Johnson's Plumbing's fixed costs are $700,000 and the unit contribution margin is $18. What amount of units must be sold in order to realize an operating income of $100,000?

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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Johnson's Plumbing's fixed costs are $700,000 and the unit contribution margin is $18. What amount of units must be sold in order to realize an operating income of $100,000?

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