X company makes and sells a single product in 2014 it sold


X Company makes and sells a single product. In 2014, it sold 25,200 units and profits were $171,000. In 2015, the company expects to sell 27,000 units, variable costs per unit are expected to be $24.70, and total fixed costs are expected to be $230,000.

What must the selling price be in 2015 for X Company profits to be the same as they were in 2014?

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: X company makes and sells a single product in 2014 it sold
Reference No:- TGS01222075

Expected delivery within 24 Hours