Question: CSR consulting expects to work 6,000 hours next month. It has variable costs of$200per hour and fixed costs of$400,000. What price (per hour of work)

CSR consulting expects to work 6,000 hours next month. It has variable costs of $200 per hour and fixed costs of $400,000. What price (per hour of work) must the company charge to earn a monthly profit of $500,000 ?

Step by Step Solution

3.40 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To determine the price per hour of work that CSR consulting must charge to earn ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!