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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 $95

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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 $95 per pair. The variable cost for this same pair of shoes is $60. Footwear Inc. incurs fixed costs of $170,000 per year. What is the break-even point in pairs of shoes for the company? What is the dollar sales volume the firm must achieve to reach the break-even point? What would be the firm's profit or loss at the following units of production sold: 7,000 pairs of shoes? 10,000 pairs of shoes? 16,000 pairs of shoes

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