The Following Information Is for a Product of Lanier Company

question 99

Essay

The following information is for a product of Lanier Company:
Last year,the variable cost per unit was $25.Total fixed costs were $800,000.At a volume of 170,000 units,the company achieved a profit of $50,000.
Required:
What was the unit sales price for the product last year?

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Definitions:

Research Hypothesis

A specific, testable prediction about a presumed relationship between variables that the researcher seeks to investigate.

Research Hypothesis

A research hypothesis is a specific, testable prediction about the expected outcome of a study or experiment, based on a theory or prior knowledge.

Directional

Pertaining to or indicating the direction of something, often used in the context of research to suggest a specific trend or relationship.

Research Hypothesis

A statement predicting a significant relationship or difference between two or more variables in a study.