Company 12 sells a single product. The selling price of the product is £72, variable costs per unit are £55. Fixed costs for the year are expected to be £400,000. The directors of the company wish to make a profit of £1.1 million. How many units will have to be sold to achieve this objective?

Answer rating: 100% (QA)

To determine the number of units that need to be sold to achieve t... View the full answer