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.

$\backslash$table$[[$Break$-$even point in units,$28,500],[$Break$-$even point in dollar sales,$1,881,000$