Kingsley Industries reported the following data regarding the product it sells: • • Sales Price: $75 Contribution Margin Ratio: 20% Fixed Costs: $180,000 To obtain a profit of $45,000, what must the sales be in dollars? Also, determine how many units must be sold to earn this profit.

Kingsley Industries reported the following data regarding the product it sells: • • Sales Price: $75 Contribution Margin Ratio: 20% Fixed Costs: $180,000 To obtain a profit of $45,000, what must the sales be in dollars? Also, determine how many units must be sold to earn this profit.

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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Financial Accounting solve this problem

Kingsley Industries reported the following data regarding the product
it sells:
•
•
Sales Price: $75
Contribution Margin Ratio: 20%
Fixed Costs: $180,000
To obtain a profit of $45,000, what must the sales be in dollars? Also,
determine how many units must be sold to earn this profit.

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