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The following data relate to the one product of the Cranston Company: Planned sales in units 20,000 Selling price $15 Variable cost per unit $9 Total...
The following data relate to the one product of the Cranston Company: Planned sales in units 20,000 Selling price $15 Variable cost per unit $9 Total fixed costs $60,000 a. If Cranston achieves itsplanned20,000unit sales, howmuchprofit will itmake? b. Which of the following events would reduce planned profits the most? (i) A decrease in selling price of 10% (ii) An increase in variable costs of 10% per unit (iii) An increase in total fixed costs of 10% (iv) A decline in unit sales of 10% c. If the selling price declined by 10%, how many more units would have to be sold to achieve the planned profit?
