Single Product: Break-Even Point: Desired Profit. Timothy Company sells its product for $6.00 per unit. Variable costs
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Single Product: Break-Even Point: Desired Profit. Timothy Company sells its product for $6.00 per unit. Variable costs are $4.75 per unit, and fixed costs total $40,000 per year. Determine how many units must be sold each year so that the firm will:
a. Break even.
b. Earn a profit of $20,000.
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