ACCOUNTING-Tory Company sells a single product
QUESTION
Tory Company sells a single product. Troy estimates demand and costs at various activity levels as follows:Units SoldPriceTotal Variable CostsFixed Costs120,000$48$3,000,000$1,000,000150,000$45$3,510,000$1,000,000160,000$40$4,000,000$1,000,000180,000$35$4,500,000$1,000,000200,000$30$5,000,000$1,000,000How much profit will Troy have if a price of $45 is charged?
ANSWER:
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