Question

Refer to the 2019 Income Statement in the Annual Report section of the Inquirer for Andrews. Ace has $5,740 of Total Period Costs. Interest and Other expenses must be allocated to all products, so assume this is done equally and Ace's share is $1,220. For simplicity, assume that changing the price of Ace would not alter its sales of 1,369 units. What is the minimum price Ace could have been sold for without losing money, i.e., its Contribution Margin would cover the $6,960 of Period, Interest and Other expenses?
$26.00
$22.51
$18.31
$17.42

Answer 1

Answer:

ans

Step-by-step explanation:

the expenses are $321.

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