Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company's monthly fixed expense is $40,280. Required: 1. Calculate the unit sales needed to attain a target profit of $6,700. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,100. (Round your intermediate calculations to the nearest whole number.)
Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company's monthly fixed expense is $40,280. Required: 1. Calculate the unit sales needed to attain a target profit of $6,700. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,100. (Round your intermediate calculations to the nearest whole number.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Lin Corporation has a single product whose
selling price is $135 per unit and whose variable
expense is $54 per unit. The company's monthly
fixed expense is $40,280.
Required:
1. Calculate the unit sales needed to attain a
target profit of $6,700. (Do not round
intermediate calculations.)
2. Calculate the dollar sales needed to attain a
target profit of $9,100. (Round your
intermediate calculations to the nearest whole
number.)
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