850 Units were sold last year for this example

Problems 11 -14. An engineering component manufacturing company has the following cost and revenue estimates per hundredweight (cwt), recorded for this year. Fixed Cost ($ million) Revenue ($ per cwt) Variable Cost ($ per cwt) 2.65 12,500 9,900 14. The company's president has a goal of $1 million profit next year with no revenue or fixed cost increases. Determine the decreases in dollar amount and percentage in variable cost necessary to meet this goal, if the number of units sold is the same as this year