CVP Analysis
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Lockwood Company currently sells it's deadbolt locks for $30 each. The locks have a variable cost of $10, and the company annual fixed costs are $150,000. The company's tax rate is 40 percent.
Required:
Calculate the number of locks that must be sold to earn an after-tax profit of $24,000
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Solution Summary
Solution describes the steps to calculate the number of locks that must be sold to earn an desired level of profit.
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Let Q be the number of deadbolt locks that must be sold.
Fixed Costs=F=$150,000
Variable cost per unit=V=$10
Total ...
Education
- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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