Mazoon Company's variable costs are 75% of the selling price and its fixed costs are $80,00O. To realize profits of ?$20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit $1.66 a O None of the given answers bO $1.77 .c O $6.67 .d O $5.33 .e O
Mazoon Company's variable costs are 75% of the selling price and its fixed costs are $80,00O. To realize profits of ?$20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit $1.66 a O None of the given answers bO $1.77 .c O $6.67 .d O $5.33 .e O
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Mazoon Company's variable costs are 75% 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
$1.66 a O
None of the given answers .b O
$1.77 .c O
$6.67 d O
$5.33
.e O
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