CanvasDaySavedLin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company'smonthly fixed expense is $40,000.Required:1. Calculate the unit sales needed to attain a target profit of $8,600. (Do not round intermediate calculations.)2. Calculate the dollar sales needed to attain a target profit of $9.800. (Round your intermediate calculations to the nearest wholenumber.)units1. Units sales to attain target profit2. Dollar sales to attain target profit

Formula: Contribution margin =Selling Price - Variable cost Contribution margin Ratio = Selling…

Answered: Lin Corporation has a single product…

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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igelow Inc. sells a product for $1,200 per unit. The variable cost is $816 per unit, while fixed costs are $3,120,000. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $1,232 per unit. a. Break-even point in sales units units b. Break-even point if the selling price were increased to $1,232 per unit
Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The company's monthly fixed expense is $32,250. Required: 1. Calculate the unit sales needed to attain a target profit of $8,000. Note: Do not round intermediate calculations. 2. Calculate the dollar sales needed to attain a target profit of $8,700. Note: Round your intermediate calculations to the nearest whole number.
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Rako
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