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Exercise 3.24 The Buffalo Company has recently established operations in a competitive market Management has...

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Exercise 3.24 The Buffalo Company has recently established operations in a competitive market Management has been aggressive in its attempt to establish market share. The price of the product was set $5.10 per unit, well be that of the company's major competitors. Variable costs were $4.40 per unit, and total fixed costs were $743.320 during the first year Assume that the firm was able to sell 907,400 units in the first year. What was the pretak earning (los) for the year? (show loss preceded by a minus one... 15.000 (15,000). aming ess) TO TEXT Assume that the variable cost per unit and total costs do not increase in the second y Management has been succes in establishing its position in the market. What price must be set to achieve preta earnings of 6244407 Assun that sales remain 07,600 s (Round to 2 decimal places 15.25.) ce

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