Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:
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Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:
Units Sold | Price | Total Variable Costs | Fixed Costs |
120,000 | $48 | $3,000,000 | $1,000,000 |
157,500 | $45 | $3,500,000 | $1,000,000 |
160,000 | $40 | $4,000,000 | $1,000,000 |
180,000 | $35 | $4,500,000 | $1,000,000 |
200,000 | $30 | $5,000,000 | $1,000,000 |
How much profit will Troy have if a price of $45 is charged?
Related Book For
Managerial Accounting
ISBN: 978-1259024900
9th canadian edition
Authors: Ray Garrison, Theresa Libby, Alan Webb
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