Horizon Electronics is looking to achieve a net income of 20 percent of sales. Here's the company's profile: Unit sales price is $30; variable cost per unit is $18; total fixed costs are $96,000. What is the level of sales in units required to achieve a net income of 20 percent of sales?

Horizon Electronics is looking to achieve a net income of 20 percent of sales. Here's the company's profile: Unit sales price is $30; variable cost per unit is $18; total fixed costs are $96,000. What is the level of sales in units required to achieve a net income of 20 percent of sales?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 10E: Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22...

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