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Specialty Steel, INC will manufacture and sell 220,000 unites next year. Fixed costs will total...

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Accounting

Specialty Steel, INC will manufacture and sell 220,000 unites next year. Fixed costs will total $260,000 and variable costs will be 35 percent of sales.
a) The firm wants to achieve a level of earnings before interest and taxes of $300,000. What selling price per unit is necessary to achieve this result?
b) Set up a pro forma income statement to verify your solution to part a.

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