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Yore Company produced and sold 1,200 units of one product and had the following information:...

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Accounting

Yore Company produced and sold 1,200 units of one product and had the following information:

Net Income: $60,000

Contribution Margin Ratio: 0.4

Fixed Cost per unit: $120

1. What is selling price for one unit of Yores product?

2. What is Yores breakeven point in terms of units sold?

3. If Yore wants to earn $100,000 next year, what must it sales revenue be?

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