A manufacturing concern produces a product which is sold at a price of $10.50 per unit. The

Question:

A manufacturing concern produces a product which is sold at a price of $10.50 per unit. The plant's fixed cost is $50,000 and its variable cost is $6.50 per unit. How many units should be produced at the breakeven point? How many units must be produced in order to earn a profit of $10,000? What would the profit on a sales volume of 20,000 units be?