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The following is Aykroyd Corporation's contribution format income statement for last month: Sales Less variable expenses Contribution margin Less fixed expenses Net income $4,000,000 2.800.000 1,200,000 720.000 $.480.000 The company has no beginning or ending inventories. A total of 50,000 units were produced and sold last month. (Note that this is the same data provided for the previous question) How many units would the company have to sell to attain target profits of $600,000? 88,000 O 100,000 100,008 O 150,000

The following is Aykroyd Corporation's contribution format income statement for last month: Sales Less variable expenses Contribution margin Less fixed expenses Net income $4,000,000 2.800.000 1,200,000 720.000 $.480.000 The company has no beginning or ending inventories. A total of 50,000 units were produced and sold last month. (Note that this is the same data provided for the previous question) How many units would the company have to sell to attain target profits of $600,000? 88,000 O 100,000 100,008 O 150,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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QUESTION 9 The following is Aykroyd Corporation's contribution format income statement for last month: Sales Less variable expenses Contribution margin Less fixed expenses Net income $4,000,000 2.800.000 1,200,000 720.000 $480.000 The company has no beginning or ending inventories. A total of 80,000 units were produced and sold last month. (Note that this is the same data provided for the previous question) How many units would the company have to sell to attain target profits of $600,000? 88,000 O 100,000 106,668 Ⓒ150,000
Transcribed Image Text:QUESTION 9 The following is Aykroyd Corporation's contribution format income statement for last month: Sales Less variable expenses Contribution margin Less fixed expenses Net income $4,000,000 2.800.000 1,200,000 720.000 $480.000 The company has no beginning or ending inventories. A total of 80,000 units were produced and sold last month. (Note that this is the same data provided for the previous question) How many units would the company have to sell to attain target profits of $600,000? 88,000 O 100,000 106,668 Ⓒ150,000
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