Assume that for the new product from the previous question, your research showed that the selling price should be $$895$ per unit. Your costs and expenses are as follows:

fixed and variable costs of the product

fixed and variable costs amount

Copyrights for the design $$20,000$

Advertising and promotion costs $$24,000$

Cost of gold and leather $$410$ per unit

Engraving labor $$25$ per unit

Royalties paid to the designer $$20$ per unit

Chapter $15\mathrm{.}2$ examined the break$-$even point in pricing. Calculate the break$-$even point for this new product. Show your work. Just listing the answer will receive a zero; must show the steps.

Formulae

Numbers used in your calculations

Interim steps

Final answers

What does the breakeven number mean for the sales of the product as compared to your forecast to sell $1,000$ units?