Question: QUESTION 1 Keep two decimals for all answers if needed. Assume a firm's fixed cost is $15,000, its product has a variable cost of $285,

QUESTION 1 Keep two decimals for all answers if needed. Assume a firm's fixed cost is $15,000, its product has a variable cost of $285, and a selling price of 5500 What is the break-even point? How many units must be sold to have an average $200 profit per unit? In order to have a break-even point of 120 units, how should the company re-price the product? How many units must be sold to make a total profit of $60,000? QUESTION 2 Using the assembly-line balancing procedure, what is the required workstation cycle time if the production time in minutes per day is 420 and the required output per day in units is 2000? (Use minute as unit. Keep two decimal points!)

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