A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department. Fixed costs of $25,000 per month are allocated to the felt-tip operation, and variable costs are 40 cents per pen.

A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department. Fixed costs of $25,000 per month are allocated to the felt-tip operation, and variable costs are 40 cents per pen. a. Find the break-even quantity if pens sell for $2 each. (Round your answer to the next whole number.) QBEP units b. At what price must pens be sold to obtain a monthly profit of $23,000, assuming that estimated demand materializes? (Round your answer to 2 decimal places. Omit the sign in your response.) Price