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Tech Innovations Inc. manufactures smartphones. The company has fixed costs of $200,000, a selling price per unit of $500, and variable costs per unit of
- Tech Innovations Inc. manufactures smartphones. The company has fixed costs of $200,000, a selling price per unit of $500, and variable costs per unit of $300. Answer the following questions: a) Calculate the breakeven point in units and dollars. b) Determine the sales volume required to achieve a target profit of $100,000. c) Discuss how changes in selling price and variable costs affect the breakeven point.
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