The following information pertains to the Lurkins Company: Sales price per unit = $300;
Variable cost per unit = $220;
Total fixed costs = $500,000;
Net income = $100,000.

What were unit sales for the company?

7500

Explanation:

Let x be the number of units sales for the company.

Total sales = 300x   [ Sales price per unit x number of units]

total variable cost = 220x [ Variable cost per unit x number of units]

Total sales - Total variable cost - Total fixed cost = Net income

Hence, 7500 units sales for the company.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o