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Question: 72 RAY Company had $155,400 of net income in 2021 when the selling price per unit was $160, the variable costs per unit were $100, and the fixed costs were $574,200. Management expects per unit data and total fixed costs to remain the same in 2022. The president of RAY Company is under pressure from stockholders to increase net income by $64,200 in 2022. • Compute the number of units sold in 2021.

Question: 72 RAY Company had $155,400 of net income in 2021 when the selling price per unit was $160, the variable costs per unit were $100, and the fixed costs were $574,200. Management expects per unit data and total fixed costs to remain the same in 2022. The president of RAY Company is under pressure from stockholders to increase net income by $64,200 in 2022. • Compute the number of units sold in 2021.

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 20MC: Wallace Industries has total contribution margin of $58,560 and net income of $24,400 for the month...
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Compute the number of units

Question: 72 RAY Company had $155,400 of net income in 2021 when the selling price per unit was $160, the variable costs per unit were $100, and the fixed costs were $574,200. Management expects per unit data and total fixed costs to remain the same in 2022. The president of RAY Company is under pressure from stockholders to increase net income by $64,200 in 2022. • Compute the number of units sold in 2021.
Transcribed Image Text:Question: 72 RAY Company had $155,400 of net income in 2021 when the selling price per unit was $160, the variable costs per unit were $100, and the fixed costs were $574,200. Management expects per unit data and total fixed costs to remain the same in 2022. The president of RAY Company is under pressure from stockholders to increase net income by $64,200 in 2022. • Compute the number of units sold in 2021.
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