A Product Sells for $20 Per Unit and Has a Contribution

question 2

Multiple Choice

A product sells for $20 per unit and has a contribution margin ratio of 40%.Fixed expenses total $240,000 annually.How many units of the product must be sold to yield a profit of $60,000?

• A) 30,000 units.
• B) 37,500 units.
• C) 40,000 units.
• D) 65,000 units.

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Definitions:

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