A producer of felt-tip pens has received a forecast of demand of 37,000 pens for the coming month from its marketing department. Fixed costs of $29,000 per month are allocated to the felt-tip operation, and variable costs are 36 cents per pen.

A producer of felt-tip pens has received a forecast of demand of 37,000 pens for the coming month from its marketing department. Fixed costs of $29,000 per month are allocated to the felt-tip operation, and variable costs are 36 cents per pen a. Find the break-even quantity if pens sell for $3 each. (Round your answer to the next whole number.) I QBEP units b. At what price must pens be sold to obtain a monthly profit of $21,000, assuming that estimated demand materializes? (Round your answer to 2 decimal places. Omit the sign in your response.) Price