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Griffin buys and sells ladies' handbags. The average selling price is $550 per bag. Average variable costs (purchase price of bags plus freight costs
Griffin buys and sells ladies' handbags. The average selling price is $550 per bag. Average variable costs (purchase price of bags plus freight costs and selling expenses) amounts to $160 per bag. Griffin's fixed costs equal $1,754,000 per year. Do not enter dollar signs or commas in the input boxes. Bound all answers up to the nearest whole unit. Calculate the number of units needed to: Break-even: Earn $202,000 income: Earn income equal to 24% of total sales:
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