EX 3-42 Hunter & Sons sells a single model of meat smoker for use in...
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Accounting
EX 3-42
Hunter & Sons sells a single model of meat smoker for use in the home. The smokers have the following price and cost characteristics.
| Sales price | $ | 78 | per smoker |
| Variable costs | 33 | per smoker | |
| Fixed costs | 346,500 | per month | |
Hunter & Sons is subject to an income tax rate of 40 percent.
Required:
a. How many smokers must Hunter & Sons sell every month to break even?
b. How many smokers must Hunter & Sons sell to earn a monthly operating profit of $83,700 after taxes?
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