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A recent income statement of McClennon Corporation reported the following data:           Units sold   7,500   Sales revenue $ 8,812,500   Variable costs   4,500,000   Fixed costs   2,840,000

A recent income statement of McClennon Corporation reported the following data:           Units sold   7,500   Sales revenue $ 8,812,500   Variable costs   4,500,000   Fixed costs   2,840,000

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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MC Qu. 7-65 A recent income statement of McClennon Corporation...

A recent income statement of McClennon Corporation reported the following data:

 

       
Units sold   7,500  
Sales revenue $ 8,812,500  
Variable costs   4,500,000  
Fixed costs   2,840,000  
 

 

If the company desired to earn a target profit of $1,875,000, it would have to sell:

 

Multiple Choice
  •  
    5,378 units.
  •  
    8,200 units.
  •  
    9,760 units.
  •  
    11,508 units.
  •  
    None of the answers is correct.
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