Johansen Company had $150,000 of operating income in 2012 when the selling price per unit was $150,
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Instructions
(a) Calculate the number of units sold in 2012.
(b) Calculate the number of units that would have to be sold in 2013 to reach the shareholders' desired profit level.
(c) Assume that Johansen Company sells the same number of units in 2013 as it did in 2012. What would the selling price have to be in order to reach the shareholders' desired profit level?
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Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118033890
3rd Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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