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Grove Audio is considering the introduction of a new model of wireless speakers with the...

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Accounting

Grove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics.

Sales price$ 610.00per unitVariable costs370.00per unitFixed costs1,056,000per year

Required:

  1. What number must Grove Audio sell annually to break even?
  2. What number must Grove Audio sell to make an operating profit of $180,000 for the year?
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