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.
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.
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 $32,250.
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc74c7cd6-9bc5-4605-a2b8-6e84710e2838%2Fdf403601-d27a-4554-8d58-a6e7c33fb0bb%2Fe97e4i_processed.jpeg&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.
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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