Mazoon Company's variable costs are 65% of the selling price and its fixed costs are $80,000. To realize profits of$20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit?O a. $1.66O b. $4.76O c. None of the given answersO d. $2.56O e. $2.66Company XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses perunit is $7, and fixed expenses are $1,500.How much is the profit?a.$8,500O b. $6,000O c. $11,000O d. $16,000O e. $13,500

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Mazoon Company's variable costs are 65% of the selling price and its fixed costs are $80,000. To realize profits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit? O a. $1.66 O b. $4.76 O c. None of the given answers O d. $2.56 O e. $2.66

Mazoon Company's variable costs are 65% of the selling price and its fixed costs are $80,000. To realize profits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit? O a. $1.66 O b. $4.76 O c. None of the given answers O d. $2.56 O e. $2.66

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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Question

Mazoon Company's variable costs are 65% of the selling price and its fixed costs are $80,000. To realize profits of
$20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit?
O a. $1.66
O b. $4.76
O c. None of the given answers
O d. $2.56
O e. $2.66
Company XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per
unit is $7, and fixed expenses are $1,500.How much is the profit?
a.
$8,500
O b. $6,000
O c. $11,000
O d. $16,000
O e. $13,500

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