units sold question managerial accounting need help tonight
Gray Company produces and sells a single product. The information about their operation for the last month is given below. How many units did they sell during the last month ?
Price : $10.00
CM Ratio : 40%
Fixed Expenses : $3,000
Operating Leverage : 2
A) 1,000 units B) 1,200 units C) 2,000 units D) 1,500 units E) None of above
Answer was D) but I need help with steps as to how and why.