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Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit monthly fixed expense is $32,600 Required: 1 Calculate the unit sales needed to attain a target profit of $6,250. Note: Do not round intermediate calculations. 2. Calculate the dollar sales needed to attain a target profit of $8,000 Note: Round your intermediate calculations to the nearest whole number. 1 Units sales to attain target profit 2. Dollar sales to attain target profit units

Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit monthly fixed expense is $32,600 Required: 1 Calculate the unit sales needed to attain a target profit of $6,250. Note: Do not round intermediate calculations. 2. Calculate the dollar sales needed to attain a target profit of $8,000 Note: Round your intermediate calculations to the nearest whole number. 1 Units sales to attain target profit 2. Dollar sales to attain target profit units

FINANCIAL ACCOUNTING
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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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 $32,600 Required: 1 Calculate the unit sales needed to attain a target profit of $6,250. Note: Do not round intermediate calculations. 2. Calculate the dollar sales needed to attain a target profit of $8,000. Note: Round your intermediate calculations to the nearest whole number. 1 Units sales to attain target profit 2 Dollar sales to attain target profit units
Transcribed Image Text: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 $32,600 Required: 1 Calculate the unit sales needed to attain a target profit of $6,250. Note: Do not round intermediate calculations. 2. Calculate the dollar sales needed to attain a target profit of $8,000. Note: Round your intermediate calculations to the nearest whole number. 1 Units sales to attain target profit 2 Dollar sales to attain target profit units
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