Homework Answers
Let selling price be $x
Hence Contribution margin=Sales-Variable cost
=(x-19) per unit
Total contribution margin would be=Fixed cost+Target profit
=(456000+546,000)=1,002,000
Hence contribution margin per unit=(1,002,000/24000)=$41.75 per unit
Hence
x-19=41.75
x=(41.75+19)
=$60.75 per unit
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