14. IUPI produces and sells scale dinosaur figures. Total variable costs per unit are $ 5.00. Total fixed costs are $ 100,000. The company wants a net income of $ 90,000. Company taxes its income at 40%. If the company sells 50,000 units at what price should it sell.

14. IUPI produces and sells scale dinosaur figures. Total variable costs per unit are $ 5.00. Total fixed costs are $ 100,000. The company wants a net income of $ 90,000. Company taxes its income at 40%. If the company sells 50,000 units at what price should it sell.

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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