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Pharoah sells T-shirts imprinted with high school names and logos. Last year the shirts sold...

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Accounting

Pharoah sells T-shirts imprinted with high school names and logos. Last year the shirts sold for $26.00 each, and variable costs were $10.00 per shirt. At this cost structure, the breakeven point was 30,000 shirts. However, the company actually earned $25,200 in net income.This year, the company is increasing its price to $28 per shirt. Variable costs per shirt will increase by 20%, and fixed expenses will increase by $32,000. The tax rate will remain at 40%. How many T-shirts must the company sell this year in order to earn $57,600 in net income?

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