Millman Electronics will produce 60,000 stereos next year. Varibable costs will equal 50% of sales, while fixed costs will total $120,000. At what price must each widget be sold for the company to achieve an EBIT of $95,000?© BrainMass Inc. brainmass.com June 3, 2020, 11:00 pm ad1c9bdddf
Number of stereos produced=60,000
Variable cost=50% of ...
The solution examines capital structure and leverage for Millman Electronics.The price each widget must be sold for is determined.