A company has two products: Product 1 and Product 2. The company's fixed costs are $120,000 per year. Detailed information about Product 1 and Product 2 follows: Product 1 Product 2 Price $11.00 V. Cost 7.50 $9.50 4.50 Allocated Fixed Costs $50,000 $70,000 Expected Sales Units 12.500 10,000 What price does the company need to charge for Product 1 so that Product 1 generates a profit of $150,000? O $19.50 $23.50 O $17.50 O $14.00 O Not enough information is provided to answer the question. If total fixed costs double and the number of units sold doubles, then fixed cost per unit stays the same. True O False