A firm expects to sell 26,000 units of its product at $11 per unit. Pretax income...
A firm expects to sell 26,000 units of its product at $11 per unit. Pretax income is predicted to be $61,000. If the variable costs per unit are $6, total fixed costs must be:
Multiple Choice
-
$69,000.
-
$156,000.
-
$225,000.
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$43,000.
-
$286,000
Homework Answers
Contribution margin=Sales-Variable costs
=(11-6)=$5 per unit
Total Contribution margin=(5*26,000)=$130,000
Contribution margin-Fixed costs=Target pre-tax income
130,000-Fixed costs=61,000
Fixed costs=130,000-61,000
=$69,000.
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