Solved

Jean Simmons Company
Below Is an Income Statement for Jean $300,000 \$ 300,000

Question 95

Multiple Choice

Jean Simmons Company
Below is an income statement for Jean Simmons Company:
Sales                                                                         $300,000 \$ 300,000
Variable costs                                                          (150,000) \underline{(150,000) }
Contribution margin                                                  $150,000
Fixed costs                                                            (100,000) \underline{(100,000) }
Profit before taxes                                                  $50,000\underline{\$50,000}

Refer to Jean Simmons Company.If the unit sales price for Jean Simmons's sole product was $10,how many units would it have needed to sell to produce a profit of $40,000?


A) 27,500
B) 29,000
C) 28,000
D) can't be determined from the information given

Correct Answer:

verifed

Verified

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

Related Questions