Problemgx corporation is developing a new innovative, Ask an Expert

Management Studies

Problem:

GX Corporation is developing a new innovative product. To launch the product, fixed costs are set at $140,000. Variable Costs are set at $75. They desire to break even by selling 1,000 units.

Required:

Question 1) What should they set the selling price as?

Question 2) What is the breakeven in Dollars?

Question 3) What should the price be for breakeven to occur at 5,000 units?

GX desires a selling price of $100. They also want breakeven units to be 5,000.

Question 4) What should variable costs be? Solve the given numerical problem and illustrate step by step calculation.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91162752

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