11. (Maximum Grade: 2.5 points - Suggested Time: 2.5 minutes) State Company produces a single...
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11. (Maximum Grade: 2.5 points - Suggested Time: 2.5 minutes) State Company produces a single product. The product sells for $50 per unit, has materials cost of $15 per unit, direct labour cost of $10 per unit, and has a variable selling cost of $5 per unit. Fixed manufacturing costs are $3,000,000 and fixed selling, general, and administrative costs are $2,000,000. Unit sales required to earn a target profit of $5,000,000 are: a. 250,000 b. 320,000 c. 400,000 d. None of the above
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