A manufacturer of ovens sells them for $2,200 each. The variable costs are $920 per unit. The manufacturer's factory has annual fixed costs of $2,240,000. a. Given the expected sales volume of 4,700 units for this year, what will be this year's net income? Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent b. How many units must the manufacturer produce to break even if the fixed costs increased by 15.00%?
A manufacturer of ovens sells them for $2,200 each. The variable costs are $920 per unit. The manufacturer's factory has annual fixed costs of $2,240,000. a. Given the expected sales volume of 4,700 units for this year, what will be this year's net income? Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent b. How many units must the manufacturer produce to break even if the fixed costs increased by 15.00%?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A manufacturer of ovens sells them for $2,200 each. The variable costs are $920 per unit. The manufacturer's factory has annual fixed costs of $2,240,000.
a. Given the expected sales volume of 4,700 units for this year, what will be this year's net income?
Express the answer with a positive sign for profit or negative sign for loss, rounded to the nearest cent
b. How many units must the manufacturer produce to break even if the fixed costs increased by 15.00%?
Round up to the next whole number
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