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borteleto borteleto
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5 years ago
Wheely Bike Manufacturers expects to produce and sell 9,000 made-to-order bicycles this year. Variable costs are 40 percent of sales while fixed costs total $600,000. At what price must each bicycle be sold for Wheely to earn EBIT of $450,000?
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#1
5 years ago
 9,000P - (.40)(9,000)P - $600,000 = $450,000
9,000P - 3,600P - $600,000 = $450,000
5,400P = $1,050,000
P = $194.44
 
borteleto Author
wrote...
#2
5 years ago
Such a godsend, you helped me and my friend big time
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