Chapter 1, Problem 11.3EC

Prominence Industriesis analyzing its break-even point for a product with a selling price of $75 per unit. The variable cost per unit is $48, and the fixed costs are $243,000 peryear. If the company wants to achieve a profit of $82,000, how many units must it sell to meet this profit goal? Right answer

Please explain the solution to this financial accounting problem with accurate principles.

Alec Manufacturing produces a single product, with a selling price of $18 and a variable cost of $11. Fixed costs are $175,000 per period. What volume of sales in units is needed to earn a profit of $105,000 per period?