The following information is for a product of Lanier Company:Last year, the variable cost per unit was $25. Total fixed costs were $800,000. At a volume of 170,000 units, the company achieved a profit of $50,000.Required:What was the unit sales price for the product last year?
What will be an ideal response?
Unit contribution margin = $850,000 รท 170,000 = $5
Sales price = $25 + $5 = $30
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