Last year Minden Company introduced a new product and sold 16,000 units of it at...
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Accounting
Last year Minden Company introduced a new product and sold 16,000 units of it at a price of $74 per unit. The product's variable expenses are $44 per unit and its fixed expenses are $527,400 per year.
Required:
1. What was this product's net operating income (loss) last year?
2. What is the product's break-even point in unit sales and dollar sales?
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