Narchie Sells a Single Product for $50

question 53

Multiple Choice

Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units.
In order to produce a target profit of $22,000, Narchie's dollar sales must total:

• A) $8,440.
• B) $21,100.
• C) $1,000,000.
• D) $1,055,000.
• E) None of the other answers is correct.

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