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Set up a pro forma income statement

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Specialty? Steel, Inc. will manufacture and sell 150,000 units next year. Fixed costs will total ?$250,000?, and variable costs will be 60 percent of sales.

a. The firm wants to achieve a level of earnings before interest and taxes of ?$300,000. What selling price per unit is necessary to achieve this? result?

b. Set up a pro forma income statement to verify your solution to part a.

a. What selling price per unit is necessary to achieve a level of earnings before interest and taxes of ?$300,000??

Reference no: EM132943874

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