Last year Minden Company introduced a new product and sold $15,000$ units of it at a price of $$70$ per unit. The

product's variable expenses are $$40$ per unit and its fixed expenses are $$540,000$ 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 $2$

What was this product's net operating income $($loss$)$ last year? Complete this question by entering your answers in the tabs below.

Required $2$

Required $4$

What is the product's break$-$even point in unit sales and dollar sales? $($Do not round intermediate calculations.$)$ Complete this question by entering your answers in the tabs below.

Required $2$

Required $4$

What is the product's break$-$even point in unit sales and dollar sales? $($Do not round intermediate calculations.$)$ Complete this question by entering your answers in the tabs below.

Required $3$

Required $4$

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

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