Togo clothes sells suits. The average selling price is $1000 per suit, variable cost are fixed at $400 !,$ fixed costs are $90000. How many suits must Togo sell to yield after net income of $18000, assuming the tax rate is 40%

Togo clothes sells suits. The average selling price is $1000 per suit, variable cost are fixed at $400 !,$ fixed costs are $90000. How many suits must Togo sell to yield after net income of $18000, assuming the tax rate is 40%

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 13E

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

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