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Smith Inc. produces and sells bicycles. They are expecting to sell 195,000 units this year. Their variable costs are $94 per unit and their fixed

Smith Inc. produces and sells bicycles. They are expecting to sell 195,000 units this year. Their variable costs are $94 per unit and their fixed costs are $1,205,000. 11. If they would like to earn 25% per unit, at what price should they sell the bicycles? 12. What price should they set to earn 25% if the fixed costs were $1,100,000? 13. What if the fixed costs were $1,100,000 and they want to earn 30% per unit?

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