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celtic celtic
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7 years ago
Please note if you have no idea on part B no problem. I am having trouble finding "a", the required selling price though

(​Break-even point and selling price​)
  Parks Castings Inc. will manufacture and sell 220,000units next year.  Fixed costs will total ​$330,000​,
      and variable costs will be 40 percent of sales.

a.  The firm wants to achieve a level of earnings before interest and taxes of ​$300,000.  What selling price per   unit is necessary to achieve this​ result? (round answer to three decimal places

b.  Set up an analytical income statement to verify your solution to part ​(a​).​?
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