Griffin buys and sells ladies$$ handbags. The average selling price is $$410$ per bag. Average variable costs $($purchase price of bags plus freight costs and selling expenses$)$ amounts to $$190$ per bag. Griffin$$s fixed costs equal $$1,490,000$ per year.

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Round all answers up to the nearest whole unit.

Calculate the number of units needed to:

Break$-$even: Answer

Earn $$293,000$ income: Answer

Earn income equal to $20\%$ of total sales: Answer

Answer rating: 100% (QA)

ANSWER Breakeven To break even Griffin needs to cover his fixed costs with the contribution margin p... View the full answer