Exercise 6-7 Target Profit Analysis [LO6-6]
Lin Corporation has a single product whose selling price is $120 per unit and whose variable expense is $80 per unit. The company's monthly fixed expense is $50,000.
Required:
1. Calculate the unit sales needed to attain a target profit of $10,000. (Do not round intermediate calculations.)
2. Calculate the dollar sales needed to attain a target profit of $15,000. (Round your intermediate calculations to the nearest whole number.)