A firm has the capacity to produce 1,394,240 units of a product each year At present, it is operatin 1 answer below »

A firm has the capacity to produce 1,394,240 units of a product each year At present, it is operating at 49 percent of capacity The firm’s annual revenue is $586,664 Annual fixed costs are $149,516 and the variable costs are $30 cents per unit The following equations will be useful

Profit = Revenue – Costs Revenue = Price each * quantity Costs = Fixed Cost + Variable Costs Variable Cost = Variable Cost per unit * number of units At the break even point, Profit = 0

  1. What is the price for each unit?
  2. At what volume of sales does the firm break even?

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