Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. yore company produced and sold 1,200 units of one

Yore Company produced and sold 1,200 units of one product and had the following information:...

90.2K

Verified Solution

Question

Accounting

Yore Company produced and sold 1,200 units of one product and had the following information:

Net Income: $60,000

Contribution Margin Ratio: 0.4

Fixed Cost per unit: $120

1. What is selling price for one unit of Yores product?

2. What is Yores breakeven point in terms of units sold?

3. If Yore wants to earn $100,000 next year, what must it sales revenue be?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Problem 16-09 The Iowa Energy are scheduled to play against the Maine Red Claws in an upcoming...

Chemistry
1.2K views

When pure carbon is burnt in air some of it is oxidized to CO2 and some...

Biology
1.2K views

Which ONE of the following is primarily responsible for the number of ATPs made per...

Biology
1.2K views

Why are vestigial structures in organisms such as the appendix in humans and reduced hind...

Biology
1.2K views

Suppose the economy is experiencing deflation with very high unemployment when the target inflation is...

Geometry
1.2K views

1 6 iven BD bisects LABC LA FLC Puse AB BL Steps BD bisects LABC...

Basic Math
1.2K views

p T T T T F F F F Required information NOTE This is a...

Basic Math
1.2K views

Exercise 2 van der Pol with parameter Consider the van der Pol oscillator with parameter...

Statistics
1.2K views

Soc 3 6 Med Med Bus 3 7 3 10 The following table presents homeownership...

Algebra
1.2K views

Find all the complex cube roots of w 125 cos 240 i sin 240 Write...

Accounting
1.2K views

Pharoah Manufacturing Inc. shipped finished goods inventory with a total cost of $48,600 to Blossom...

Accounting
1.2K views

A customer that purchases more than the average amount of goods will likely use Save...