Finch Corporation is a manufacturing company that makes small electric motors it sells for $48 per unit. The variable costs of production are $28 per motor, and annual fixed costs of production are $310,000.

Required

1. How many units of product must Finch make and sell to break even?

2. How many units of product must Finch make and sell to earn a $70,000 profit?

3. The marketing manager believes that sales would increase dramatically if the price were reduced to $47 per unit. How many units of product must Finch make and sell to earn a $108,000 profit, if the sales price is set at $47 per unit?