Last year Minden Company introduced a new product and sold $25,400$ units of it at a price of $$98$ per unit. The product's variable expenses are $$68$ per unit and its fixed expenses are $$838,200$ per year:

Required:

What was this product's net operating income $($loss$)$ last year?

What is the product's break$-$even point in unit sales and dollar sales?

Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by $5,000$ units for each $$2$ reduction in its selling price. If the company will only consider price reductions in increments of $$2($e$.$g$.,$ $$68,$ $$66,$ etc.$),$ what is the maximum annual profit that it can earn on this product? What sales volume and selling price per unit generate the maximum profit?

What would be the break$-$even point in unit sales and in dollar sales using the selling price that you determined in requirement $3?$

Complete this question by entering your answers in the tabs below.

Required $1$ form Required $2$ Required $3$ Required $4$

What would be the break$-$even point in unit sales and in dollar sales using the selling price that you determined in requirement $3?($Do not round intermediate calculations.$)$

Break$-$even point in units

Break$-$even point in dollar sales

Requined $3$