Smith Inc. produces and sells bicycles. They are expecting to sell 220,000 units this year....
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Accounting
Smith Inc. produces and sells bicycles. They are expecting to sell 220,000 units this year.
Their variable costs are $74 per unit and their fixed costs are $767,000.
a. If they would like to earn 23% per unit, at what price should they sell the
bicycles?
b. What price should they set to earn 23% if the fixed costs were $2,100,000?
c. What if the fixed costs were $2,100,000 and they want to earn 38% per unit?
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