Last year Minden Company introduced a new product and sold 25,300 units of it at a price of $98 per unit. The product's variable expenses are $68 per unit and its fixed expenses are $835,200 per year. Required: 1. What was this product's net operating income (ioss) last year?? 2. What is the product's break-even point in unit sales and dollar sales? 3. 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 seling 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 eam on this product? What sales volume and selling price per unit generate the maximum Profit? 4. What would be the break-even point in unit sales and in dollar sales using the seling price that you determined in requirement 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 seling price that you determined in requirement 3 ? (Do not round intermediate calculations.) Required: 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and dolfar sales? 3. 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 seling price. If the company will only consider price reductions in increments of $2 (e.g. $68,$66, ete.), 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? 4. What would be the break-even point in unit sales and in dollar sales using the selling price that you determined in requlrement 3 ? Complete this question by entering your answers in the tabs below. 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? Required: 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and dollar 5 ales? 3. Assume the company has conducted a marketing study that estimates it can increase annual 5 ales of this product by 5,000 units fo 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 eam on this product? What sales volume and seling price per unit generate the maximum profit? 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 ? Complete this question by entering your answers in the tabs below. What is the product's break-even point in unit sales and dollar sales? (Do not round intermediate calculations.) Required: 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and doliar sales? 3. Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by 5 .000 units is the maximum annual profit that it can earn on this prcduct? What sales volurme and selling price per unit generate the maxithum profit? 4. What would be the break-even point in unit sales and in dollar sales using the seling price that you determined in requirement 3 Complete this question by entering your mnswers in the tabs below. What was this product's net operating income (loss) iast year
