I was thinking the answer is 1,625 and its apparently wrong
Per Unit | |||
Selling Price | $120.00 | ||
Variable cost | $80.00 | ||
Contribution margin | $40.00 | ||
Contribution margin ratio = | Contribution margin per unit/selling price per unit | ||
= | $40 / $120 | ||
= | 33.3333% | ||
Unit sales at target income = | (Fixed costs + Target income)/ Contribution margin per unit | ||
= | ($50,000 + $10,000)/ $40 | ||
= | 1,500 | ||
Dollar sales at target income = | (Fixed costs + Target income)/ Contribution margin ratio | ||
= | ($50,000 + $10,000)/ 33.3333% | ||
= | $180,000 | ||
I was thinking the answer is 1,625 and its apparently wrong + → C r ewconnect....
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