A firm estimates that it will sell 100,000 units of its sole product in the coming period.It projects the sales price at $40 per unit,the CM ratio at 60 percent,and profit at $500,000.What is the firm budgeting for fixed costs in the coming period?
A)$1,600,000
B)$2,400,000
C)$1,100,000
D)$1,900,000

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The Answer of A firm estimates that it will sell 100,000 units of its sole product in the coming period.It projects the sales price at $40 per unit,the CM ratio at 60 percent,and profit at $500,000.What is the firm budgeting for fixed costs in the coming period?
A)$1,600,000
B)$2,400,000
C)$1,100,000
D)$1,900,000

A Firm Estimates That It Will Sell 100,000 Units of Its