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Hold On, Inc., is trying to figure out how many units it needs to sell...

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Question

Accounting

Hold On, Inc., is trying to figure out how many units it needs to sell in order to make a specific target profit. The firm provided the following monthly data:

Per month:

Per unit:

Selling price

$85.00

Variable manufacturing costs

$31.50

Fixed manufacturing costs

$120,500

Variable selling and admin costs

$7.25

Fixed selling and admin costs

$89,400

How many units does the firm need to sell in order to earn a target profit of $29,000 (round your answer up to the nearest whole unit)?

a.3,924 units b.3,233 units c.4,539 units d.5,166 units e.2,795 units

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