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Set up an analytical income statement

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Reference no: EM132459201

Problem: Simple Metal? Works, Inc. will manufacture and sell 160,000 units next year. Fixed costs will total ?$350,000?, and variable costs will be 60 percent of sales.

Question 1: The firm wants to achieve a level of earnings before interest and taxes of ?$270,000. What selling price per unit is necessary to achieve this? result?

Question 2: Set up an analytical income statement to verify your solution to part ?(a?).

Reference no: EM132459201

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