Question: Check my work 22 Problem 5-5 4 points A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming

Check my work 22 Problem 5-5 4 points A producer

Check my work 22 Problem 5-5 4 points A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department. Fixed costs of $25,000 per month are allocated to the felt-tip operation, and variable costs are 40 cents per pen. a. Find the break-even quantity if pens sell for $2 each. (Round your answer to the next whole number.) eBook QBEP units Print References b. At what price must pens be sold to obtain a monthly profit of $23,000, assuming that estimated demand materializes? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Price ta

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!