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14-1 Longstreet Inc. has fixed operating costs of $500,000, variable costs of $3.00 per unit produced, and its product sells for $4.00 per unit. What

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14-1 Longstreet Inc. has fixed operating costs of $500,000, variable costs of $3.00 per unit produced, and its product sells for $4.00 per unit. What is the company's breakeven point, i.e., at what unit sales volume would income equal costs? i.e. what is the Q that makes P*Q = F + V*Q, where P = unit price Q = quantity F = fixed cost V = variable cost

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