Your small toy manufacturing facility has the following information: Fixed costs $10,500 Material cost per toy $0.375 Electricity cost per toy $0.019 Labor cost per toy $0.095 Management demands that we have $6,000 in profit if we sell 40,000 toys. What must the selling price be to achieve this? (Enter three decimal places)

Your small toy manufacturing facility has the following information: Fixed costs $10,500 Material cost per toy $0.375 Electricity cost per toy $0.019 Labor cost per toy $0.095 Management demands that we have $6,000 in profit if we sell 40,000 toys. What must the selling price be to achieve this? (Enter three decimal places)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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