tutor give proper solution The following information pertains to the Lurkins Company:Sales price per unit$ 300Variable cost per unit$ 220Total fixed costs$ 5,00,000$ 1,00,000Net incomeWhat were unit sales for the company?a. 7,500b. 2,727c. 2,000d. 1,667

Step 1: Define Sales revenueSales revenue is the total income generated from selling goods or…

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Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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Complete the Table Total Total Unit Selling Total Fixed Variable Variable Price Revenue of Costs Costs Cost Output ? ? $5,000 $6,600 $2,000 ? $18,000 ? 2 $45,000 ? $94,050 ? $5 ? ? ? $75.24 $13 $10 $75 ? ? 2 ? $10,000 $60,000 Level Net Income Rate $4,000 ?$14,500 $84,600 1,800 $78,000 3,000 $18,000 ? ?-$19,500 Contribution Unit Show Transcribed Text ? ? 35% ? 38% Contribution Margin $7.50 ? $13 ? can anyone help me doing this in easiest and less confusing way

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The following information pertains to the Lurkins Company: Sales price per unit $ 300 Variable cost per unit $ 220 Total fixed costs $ 5,00,000 $ 1,00,000 Net income What were unit sales for the company? a. 7,500 b. 2,727 c. 2,000 d. 1,667