Question: I have to submit my assignment in 30min, please me to solve it. (b) Pringle company sells a single product. The company's sale and expenses
I have to submit my assignment in 30min, please me to solve it.
(b) Pringle company sells a single product. The company's sale and expenses for a recent month is as follows: [5.5) Total Per unit Sales $6,00,000 $40 Variable expenses $4,20,000 $28 Fixed expenses $1,30,000 Required: i) What is monthly break-even point in units sold and in sales dollar? ii) How many units would have to be sold each month to earn a minimum target profit of $20,000? iii) Compute the company's margin of safety in both dollar and % terms
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