Multiple Choice
Product X sells for $20 per unit and has a contribution margin rate of 40 percent. Fixed expenses total $120 000 annually. How many units of Product X must be sold to yield a profit of $30 000?
A) 12 500
B) 18 750
C) 75 000
D) 250 000
Correct Answer:
Verified
Correct Answer:
Verified
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