Time left 1:45:3 Mazoon Company's variable costs are 70% 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. None of the given answers O c. $2.38 O d. $5.56 O e. $4.44

Time left 1:45:3 Mazoon Company's variable costs are 70% 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. None of the given answers O c. $2.38 O d. $5.56 O e. $4.44

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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Time left 1:54: Mazoon Company's variable costs are 80% 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. None of the given answers O c. $2.08 O d. $8.33 O e. $6.66 ion Which of the following does not represent a cost-volume-profit analysis equation? O a. Profit = contribution margin - fixed expenses ed O b. Sales = total expenses + profit Fini d out of Sales - fixed expenses - variable expenses F8 Esc F5 F6 F7 F4 F2 F3 * 23 % & 3 4 7 V 1 2 W T Y J K A D C V BYNI M * 00
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