Question 15
Menlove Company prepared the following income statement for the most recent year:
Sales (1,000 units) $20,000
Less: Variable expenses 12,000
Conribution margin 8,000
Less: Fixed expenses 6,000
Net income $2,000
Calculate the number of units that need to be sold to achieve a target profit of $5,000
917
611
1,834
5,500
1,375