During FY 2017, Mitchell Company reported sales of $98,000, a contribution margin of $6.00 per unit, fixed cost of $30,000, and net income of $24,000. Use this information to determine the number of units Mitchell Sold during FY 2017. (Round any total dollar value to the nearest whole dollar and enter as whole dollars only. Round any unit dollar value to the nearest penny and enter with both dollar(s) and cents. Round any unit non-dollar decimal numbers to the next higher whole number and enter as a whole number.)

During FY 2017, Mitchell Company reported sales of $98,000, a contribution margin of $6.00 per unit, fixed cost of $30,000, and net income of $24,000. Use this information to determine the number of units Mitchell Sold during FY 2017. (Round any total dollar value to the nearest whole dollar and enter as whole dollars only. Round any unit dollar value to the nearest penny and enter with both dollar(s) and cents. Round any unit non-dollar decimal numbers to the next higher whole number and enter as a whole number.)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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