Millman Electronics will produce 60,000 stereos next year. Variable costs will equal 50% of sales, while fixed costs will total $120,000. At what price must each stereo be sold for the company to achieve an EBIT of $95,000?© BrainMass Inc. brainmass.com October 9, 2019, 10:24 pm ad1c9bdddf
please see the response to your posting as below:
Contribution required to archive EBIT of $95000 ...
The solution shows calculations of price per unit required to earn expected profit.