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Consider a product with the following information: Price per unit =$10.00 Variable Cost per unit =$5.00 Total Fixed Costs =$1,000.00 Use this information to answer
Consider a product with the following information: Price per unit =$10.00 Variable Cost per unit =$5.00 Total Fixed Costs =$1,000.00 Use this information to answer the following questions: 1. If we sell 500 units of this product next month, how much revenue will we bring in? 2. What will our gross profits be for next month? 3. What is our gross margin next month? 4. Suppose we are only able to sell 400 units next month. How much gross profit will we make then? 5. Suppose since we expect to only sell 400 units, we increase the price to $12.00 per unit. How much gross profit will we make then
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