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I am currently having trouble with this problem. It is a managerial accounting problem, and thank you kindly for your time and help. If you have any trouble viewing the problem, feel free to let me know.

Andersen Company had the following data available: Selling Price Per Unit: $20.00 Variable Cost Per Unit: $12.00 (all manufacturing) Fixed Costs: $50,000 (all non-manufacturing) Estimated Number of Units Sold: 10,000 Mr. Andersen is thinking about lowering the price to $17.50 per unit. He believes that the units sold would increase to 12,500. Required E Prepare income statements using the current information and assuming that he lowers the price Calculate the break-even point in units sold. 3 Calculate the units needed for a net income of $20,000. Should Andersen lower the price? Explain your answer using amounts from the income statements Current Lower Price Sales Variable Costs Contribution Margin Fixed Costs Net Income Break-Even in Units Units Needed For Net Income of $20,000 Analysis