Tony Company sells a single product. The selling price of the product is $50. Variable costs...

 

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Tony Company sells a single product. The selling price of the product is $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units. In order to produce a target profit of $22,000, Tony's dollar sales must total: Select one: a $1,200,000 b.$1,000,000 c.$1,055,000 d.$2,000,000 e.some other amount Tony Company sells a single product. The selling price of the product is $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units. In order to produce a target profit of $22,000, Tony's dollar sales must total: Select one: a $1,200,000 b.$1,000,000 c.$1,055,000 d.$2,000,000 e.some other amount

Answer rating: 100% (QA)

Particulars Unit cost Sales 50 Less Variable cost 30 60 of ... View the full answer