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During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit,...

During FY 2018, Adelphi Company reported sales of $400,000, a contribution margin of $9.00 per unit, fixed costs of $50,000, and net income of $35,000. Use this information to determine the number of units Adelphi sold during FY 2018. (Round answer to nearest whole number)

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Answer #1

Sales = $ 400,000

Contribution margin per unit = $ 9

Fixed Cost = $ 50,000

Net Income = $ 35,000

Number of units sold = ?

Let the number of units sold be Y

Total Contribution margin = Contribution margin per unit X Number of units sold

= 9 X Y

= 9 Y

Net Income = Total Contribution margin - Fixed Cost

35,000 = 9 Y - 50,0000

9 Y = 85,000

Y = 9,444

Hence, Number of units sold = 9,444

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