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refer to the 2 0 2 3 income statement in the annual report section of the inquirer for Andrews. Art has 4 7 4 0

refer to the 2023 income statement in the annual report section of the inquirer for Andrews. Art has 4740$ of total period costs. interest and other expenses must be allocated to all products. so assume this is done equally and Arts share is $1220. for simplicity assume that changing the price of Art would not alter its sales of 1829 units. what is the minimum price Art could have been sold without losing money. its contribution margin would cover the $5960 of Period, interest and other expenses
1. $24.21
2. $21.61
3. $20.95
4. $32.00

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