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How much revenue be required to yield a before-tax profit

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Reference no: EM132813363

James Company makes two products and expects the following sales and costs during 2020:

Ties

Unit sales 5,000

Selling price per unit $15

Variable costs per unit $4

Hats

Unit sales 1,000

Selling price per unit $25

Variable costs per unit $9

The company's 2020 fixed costs are expected to be $80,017.

Required

Problem 1: How many total units must be sold to break even?

Problem 2: How many ties would this figure include?

 

Problem 3: How much revenue would be required to yield a before-tax profit of $40,000?

Reference no: EM132813363

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