Complete the attached worksheet. You will need to show your work for each question 3. If...
Complete the attached worksheet. You will need to show your work for each question
3. If you can sell a product for $67 and it costs you $28 per unit to produce, while also paying $3,900 per month in fixed expenses, how many units must you sell each month in order to earn a monthly profit of $2,500? Show all your work.
4. If you can sell a product for $38 and it costs you $14 per unit to produce, while also paying $6,900 per month in fixed expenses, how many units must you sell each month in order to earn a monthly profit of $2,500? Show all your work.
Homework Answers
| Requirement 3 | |||
| Particulars | Calculation | $ | |
| Required monthly profit | Given | 2,500 | |
| Add: Fixed Cost | Given | 3,900 | |
| Required contribution | (2500+3900) | 6,400 | |
| Contribution per unit * | ($67-$28) | 39 | |
| Number of units to be sell | 6,400/39 | 164 | Units |
| * Selling price - Variable Cost | |||
| Requirement 4 | |||
| Particulars | Calculation | $ | |
| Required monthly profit | Given | 2,500 | |
| Add: Fixed Cost | Given | 6,900 | |
| Required contribution | (2500+6900) | 9,400 | |
| Contribution per unit * | ($38-$14) | 24 | |
| Number of units to be sell | 9,400/24 | 392 | Units |
| * Selling price - Variable Cost | |||
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