Our company makes and sells bicycles. We never hold inventories. Last year, our net operating...
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Our company makes and sells bicycles. We never hold inventories. Last year, our net operating income (NOI) was $800,000. The following additional information is available about last year:
Amount Units Sold 36,000 Unit Selling Price $ 135 Product Cost per Unit (under GAAP) $ 76 Fixed Manufacturing Overhead $ 1,440,000 Variable Selling and Administrative Cost per $ 17
Approximately how many units would we need to sell to earn the NOI of $1,600,000?
A. 45,756 B. 72,000 C. 37,073 D. 72,381 E. None of the above
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