Herro, Inc. sells Product TH14 for $57.00 per unit. Variable costs for Product TH14 are$41.00 per unit, and monthly fixed costs are $467,000.If Herro desires a monthly net income of $14,000, how many units of Product TH 14 must besold per month?

Income statement is a financial statement that shows the profitability, total revenue and total…

Answered: Herro, Inc. sells Product TH14 for…

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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Herro, Inc. sells Product TH14 for $57.00 per unit. Variable costs for Product TH14 are $41.00 per unit, and monthly fixed costs are $467,000. If Herro desires a monthly net income of $14,000, how many units of Product TH 14 must be sold per month?