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how to calculate sales price accounting
Pettigrew Company produces a product that has a variable cost of $14 per unit; the product sells for $32 per unit. The company’s annual fixed costs total $473,000; it had net income of $78,000 in the previous year. In an effort to increase the company’s market share, management is considering lowering the selling price to $29 per unit. Pettigrew desires to increase its net income by $43,000.
Required: Determine the number of units the company must sell to earn the desired income. |
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