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Sheridan Inc. sells a product for $86 per unit. The variable cost is $58 per unit, while fixed costs are $145,040. Determine (a) the break-even point in sales units and (b) the break- even point if the selling price were increased to $95 per unit.

Sheridan Inc. sells a product for $86 per unit. The variable cost is $58 per unit, while fixed costs are $145,040. Determine (a) the break-even point in sales units and (b) the break- even point if the selling price were increased to $95 per unit.

FINANCIAL ACCOUNTING
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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Break-Even Point Sheridan Inc. sells a product for $86 per unit. The variable cost is $58 per unit, while fixed costs are $145,040. Determine (a) the break-even point in sales units and (b) the break- even point if the selling price were increased to $95 per unit. a. Break-even point in sales units b. Break-even point if the selling price were increased to $95 per unit unit unit
Transcribed Image Text:Break-Even Point Sheridan Inc. sells a product for $86 per unit. The variable cost is $58 per unit, while fixed costs are $145,040. Determine (a) the break-even point in sales units and (b) the break- even point if the selling price were increased to $95 per unit. a. Break-even point in sales units b. Break-even point if the selling price were increased to $95 per unit unit unit
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