In 2016, Crane sold 1000 units at $500 each, and earned net income of $40000....
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In 2016, Crane sold 1000 units at $500 each, and earned net income of $40000. Variable expenses were $300 per unit, and fixed expenses were $60000. The same selling price is expected for 2017. Cranes variable cost per unit will rise by 10% in 2017 due to increasing material costs, so they are tentatively planning to cut fixed costs by $10000. How many units must Crane sell in 2017 to maintain the same income level as 2016?
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