7. If you want net income to be $120,000, how many units must you sell ? • Use the below information to fill out the income statement and answer the questions 4-10below:Selling Price per UnitNumber of UnitsTotal DollarsSales Revenue$40.00Variable Costs|600,000Contribution MarginFixed Costs240,000Net IncomeIf OPEARATING LEVERAGE is 54. What is Net Income ?

SOLUTION 7- FORMULA = NET INCOME +FIXED COST= CONTRIBUTION+VARIABLE COST=SALES 120000 + 240000 =…

Answered: 7. If you want net income to be…

Business

Accounting

7. If you want net income to be $120,000, how many units must you sell ?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 4BE

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