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Footwear Inc. manufactures a complete line of men's and women's dress shoes for independent merchants. The average selling price of its finished product is $85
Footwear Inc. manufactures a complete line of men's and women's dress shoes for independent merchants. The average selling price of its finished product is $85 per pair. The variable cost for this same pair of shoes is %58. Footwear Inc. incurs costs of $170,000 per year. a. What is the break-even point in pairs of shoes for the company? b. What is the dollar sales volume the firm must achieve reach the point? c. What would be the firm's break-even sold: profit or loss at the following units of product 1,000 pairs of shoes? 9,000 pairs of shoes? 15,000 pairs of shoes
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