3) The MB company manufactures a single product – product X. A unit of product X...
3) The MB company manufactures a single product – product X. A unit of product X is sold to customers for $80. The per unit variable expense and the total expected fixed expenses for the first quarter of the year 2012 are as follows:
- Variable expenses to manufacture and sell a unit of product X: $50
- Total fixed expenses for the first quarter of the year 2012: $40,000
The company wants to earn a profit of $80,000 for the first quarter of the year 2012. Calculate the number of units the company needs to sell to meet this profit goal.
Homework Answers
Firstly we have to calculate contribution margin for product X
Contribution margin = selling price- variable expenses
= $ 80 - $ 50
= $ 30
Number of units to sold desired profit
=( fixed cost + desired profit)/ contribution margin
= (40000+80000)/30
= 4000 units
Thus the correct answer is number of units to sell desired profit = 4000 units.
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