Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $10 million and unit variable costs of $5 per pair. If the company charges $15 per pair, how many pairs must it sell to break even? 

And what level of dollar profit would the company achieve if 1.5 million kits were sold? 

Please show the steps needed to get the results .

Answer rating: 100% (QA)

To calculate the number of pairs the company must sell to break even we need to determine the breake... View the full answer