Lockwood company currently sells its deadbolt locks for 30

Reference no: EM13588767

Lockwood Company currently sells its deadbolt locks for $30 each. The locks have a variable cost of $10, and the company's annual fixed costs are $150,000. The company's tax rate is 40 percent.Calculate the number of locks that must be sold to earn an after-tax profit of $24,000.

Reference no: EM13588767

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