Multiple Choice
M and M,Inc.produces a product that has a variable cost of $3.00 per unit.The company's fixed costs are $30,000.The product is sold for $5.00 per unit and the company desires to earn a target profit of $20,000.What is the amount of sales that will be necessary to earn the desired profit?
A) $75,000
B) $50,000
C) $83,333
D) $125,000
Correct Answer:
Verified
Correct Answer:
Verified
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