Question: Questions 6,7,8!are all together I attached all three problems to this question but please give me the solutions from excel because the rounding is always

Questions 6,7,8!are all together I attached all three problems to this question but please give me the solutions from excel because the rounding is always different than the calculator. Thanks Questions 6,7,8!are all together I attached all
Questions 6,7,8!are all together I attached all
Questions 6,7,8!are all together I attached all
(For Questions 6,7,8) George Fine, owner of Fine Manufacturing, is considering the introduction of a new product line. George has considered factors such as costs of raw materials, new equipment, and requirements of a new production process. He estimates that the variable costs of each unit produced would be $8 and fixed costs would be $70,000. If the selling price is set at $20 each, how many units have to be produced and sold for Fine Manufacturing to break even? (Round up to the nearest integer.) Answer: If the selling price of the product is set at $18 per unit, Fine Manufacturing expects to sell 15,000 units. What would be the total contribution to profit from this product at this price? $ Fine Manufacturing estimates that if it offers the product at the original target price of $20 per unit, the company will sell about 12,000 units. What would be the total contribution to profit from this product at this price? $

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!