Jaffe Company incurs annual fixed costs of ($60,000). Variable costs for Jaffes product are ($7.50) per unit,

Question:

Jaffe Company incurs annual fixed costs of $$60,000$. Variable costs for Jaffe’s product are $$7.50$ per unit, and the sales price is $$12.50$ per unit. Jaffe desires to earn an annual profit of $$40,000$ .

Required:
Determine the sales volume in dollars and units required to earn the desired profit.

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