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. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,700. (Round your intermediate calculations to the nearest whole number.) X Answer is complete but not entirely correct. 1. Units sales to attain target profit 2. Dollar sales to attain target profit 575 units X
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. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,700. (Round your intermediate calculations to the nearest whole number.) X Answer is complete but not entirely correct. 1. Units sales to attain target profit 2. Dollar sales to attain target profit 575 units X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hi,
Please help me solve for the second value in this question.
Thank you.
![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. (Do not round intermediate calculations.)
2. Calculate the dollar sales needed to attain a target profit of $8,700. (Round your intermediate calculations to the nearest whole
number.)
> Answer is complete but not entirely correct.
1. Units sales to attain target profit
2. Dollar sales to attain target profit
575 units
X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3de60832-c1fa-4f74-864d-d4c2a1a8fde2%2F4e3df04d-0049-469e-83d6-249fd1378999%2F46cxd3s_processed.png&w=3840&q=75)
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 $32,250.
Required:
1. Calculate the unit sales needed to attain a target profit of $8,000. (Do not round intermediate calculations.)
2. Calculate the dollar sales needed to attain a target profit of $8,700. (Round your intermediate calculations to the nearest whole
number.)
> Answer is complete but not entirely correct.
1. Units sales to attain target profit
2. Dollar sales to attain target profit
575 units
X
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