For the Current Year Ending April 30, Hal Company Expects

question 161

Essay

For the current year ending April 30, Hal Company expects fixed costs of $60,000, a unit variable cost of $70, and an anticipated break-even point of 1,715 sales units.
a.Compute the unit sales price.
b.Compute the sales (units) required to realize an operating profit of $8,000.Round your answer to the nearest whole number.

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Definitions:

Centrally Planned Economies

Economies where the government or central authority makes all the decisions about what goods and services are produced, how they are produced, and who gets them.

Innovation Lagged

A situation where there is a delay or time lag between the development of a new technology or idea and its implementation or widespread use.

Production Targets

Specific goals set for the quantity of products to be produced within a certain time frame.

Invisible Hand

A concept introduced by Adam Smith to describe the self-regulating nature of the market, where individual self-interests unintentionally benefit the economy as a whole.