In 2019, X Company sold 5,250 units of its only product. Total revenue was $1,345,575, total variable costs were $542,325, and total fixed costs were $735,000. In 2020, there are only two expected changes: variable costs will decrease by $4.70 per uni and fixed costs will decrease by $24,900. How many
In 2019, X Company sold 5,250 units of its only product. Total revenue was $1,345,575, total variable costs were $542,325, and total fixed costs were $735,000. In 2020, there are only two expected changes: variable costs will decrease by $4.70 per uni and fixed costs will decrease by $24,900. How many
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 1.1CE
Related questions
Question
![In 2019, X Company sold 5,250 units of its only
product. Total revenue was $1,345,575, total variable
costs were $542,325, and total fixed costs were
$735,000. In 2020, there are only two expected
changes: variable costs will decrease by $4.70 per unit,
and fixed costs will decrease by $24,900. How many
units must X Company sell in 2020 in order to earn
$33,000?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F75e02168-4c21-4d2d-9b7a-15e2e8888347%2F904ce1d6-6145-4073-a64b-7cdf105ccd59%2Fbhsbdbb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In 2019, X Company sold 5,250 units of its only
product. Total revenue was $1,345,575, total variable
costs were $542,325, and total fixed costs were
$735,000. In 2020, there are only two expected
changes: variable costs will decrease by $4.70 per unit,
and fixed costs will decrease by $24,900. How many
units must X Company sell in 2020 in order to earn
$33,000?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Managerial Economics: Applications, Strategies an…](https://www.bartleby.com/isbn_cover_images/9781305506381/9781305506381_smallCoverImage.gif)
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Managerial Economics: Applications, Strategies an…](https://www.bartleby.com/isbn_cover_images/9781305506381/9781305506381_smallCoverImage.gif)
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
![EBK HEALTH ECONOMICS AND POLICY](https://www.bartleby.com/isbn_cover_images/9781337668279/9781337668279_smallCoverImage.jpg)
![Microeconomics](https://www.bartleby.com/isbn_cover_images/9781337617406/9781337617406_smallCoverImage.gif)