QUESTION 10 Syntech makes digital cameras for drones. Their basic digital camera uses $70 in...
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QUESTION 10 Syntech makes digital cameras for drones. Their basic digital camera uses $70 in variable costs and requires $1,550 per month in fixed costs. Syntech sells 119 cameras per month. If they process the camera further to enhance its functionality, it will require an additional $50 per unit of variable costs, plus an increase in fixed costs of $1,000 per month. The current price of the camera is $131. The marketing manager is positive that they can sell more and charge a higher price for the improved version. Based on the current sales level, at what price would the upgraded camera cover the additional costs and begin to improve profitability? Round to two decimal places
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