How many hammers will have to be sold, Accounting Basics

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How many hammers will have to be sold

Lagerfield Company reported the following results from the sale of 4,220 hammers in May: sales $198,340, variable costs $88,620, fixed costs $64,000, and net income $24,000. Assume that Lagerfield increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income? (Round answer to the nearest unit).

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Accounting Basics: How many hammers will have to be sold

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Accounting Basics: How many hammers will have to be sold

Reference No:- TGS0555692

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Recent Questions Asked Accounting Basics

Q : What is the target cost to produce the new utensil

Q : Calculate the cost of goods sold on a current value basis

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Q : How many hammers will have to be sold

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Accounting Basics: How many hammers will have to be sold

Reference No:- TGS0555692

Recent Questions Asked Accounting Basics

Q : What is the target cost to produce the new utensil

Q : Calculate the cost of goods sold on a current value basis

Q : Interest income on municipal bonds

Q : Accrued interest on notes receivable

Q : How many hammers will have to be sold

Q : Just-in-time inventory system

Q : Preparing financial statements

Q : Estimate the amount of each fixed cost

Q : Prepare a memo to jim taylor concerning

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