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Last year Minden Company introduced a new product and sold 1 4 , 5 0 0 units of it at a price of $ 7

Last year Minden Company introduced a new product and sold 14,500 units of it at a price of $74 per unit. The product's vatiable expenses are $44 per unit and its fixed expenses are $522,600 per yeart.
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 estlimates it can increase annual salies of this product by 5, oob units for each $2 reduction in its selling price. If the company will only consider price reductions in increments of $2(e.g, $72,$70 etic). 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 requirentent 3?
Complete this question by entering your answers in the tabs below.
What would be the break-even point in unit sales and in dollar sales using the selling price that you determined in requirement 3?
Note: Do not round intermediate calculations.
\table[[Break-even point in units,28,500],[Break-even point in dollar sales,1,881,000
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