A firm expects to sell 25,500 units of its product at $16 per unit. Pretax income...
A firm expects to sell 25,500 units of its product at $16 per unit. Pretax income is predicted to be $60,500. If the variable costs per unit are $8, total fixed costs must be:
Homework Answers
Answer: $143,500
.
Calculation
Sales revenue = 25,500 units x $16 = $408,000
Variable cost = 25,500 units x $8 = $204,000
.
Pre-tax income = Sales revenue - Variable cost - Fixed cost
Above formula can be re-arranged as follows:
Fixed cost = Sales revenue - Variable cost - Pre-tax income
= $408,000 - $204,000 - $60,500
= $143,500
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