Solved

Jamie Quinn, a Sole Proprietor, Has the Following Projected Figures

Question 95

Multiple Choice

Jamie Quinn, a sole proprietor, has the following projected figures for next year: Selling price per unit $150.00Contribution margin per unit $45.00Total fixed costs $630,000\begin{array} { l } \text {Selling price per unit }&\$150.00\\ \text {Contribution margin per unit }&\$45.00\\ \text {Total fixed costs }&\$630,000\\\end{array}
What selling price per unit is needed to obtain a before-tax profit of $270,000 at a volume of 4,000 units?


A) $150.00
B) $105.00
C) $225.00
D) $330.00

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions