Company XYZ produces and sells 40,000 units.at this level, the company is making a profit of $37,000. Assuming total fixed expenses of $3,000 and variable expenses per unit of $2, how much was the selling price per unit? O a. 8 O b. 3 1 d. 6 O e. 4

Company XYZ produces and sells 40,000 units.at this level, the company is making a profit of $37,000. Assuming total fixed expenses of $3,000 and variable expenses per unit of $2, how much was the selling price per unit? O a. 8 O b. 3 1 d. 6 O e. 4

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

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Company XYZ produces and sells 40,000 units.at this level, the company is making a profit of $37,000. Assuming total fixed expenses
of $3,000 and variable expenses per unit of $2, how much was the selling price per unit?
O a. 8
O b. 3
C.
1
d. 6
e. 4
O O O O C

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