Williams & Williams Co. produces plastic spray bottles and wants to earn a before-tax profit of $925,000 next quarte...
Williams & Williams Co. produces plastic spray bottles and wants to earn a before-tax profit of $925,000 next quarter. Variable cost is $2.20 per bottle, fixed costs are $1,627,000, and the selling price is $4.40 per bottle. How many bottles must the company sell to meet its profit goal?
Homework Answers
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Sales needed = (Fixed costs +Target profit) /Contribution margin per unit = (1,627,000 + 925,000)/(4.40-2.20) = 2,552,000/2.20 = 1,160,000 |
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