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Last year Minden Company introduced a new product and sold 16,000 units of i at...

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Accounting

Last year Minden Company introduced a new product and sold 16,000 units of i at a price of 380 per unt. The products varnbie expenses are $50 per unit and its fixed expenses are $521,400 per yearRequired: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?3. Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by 5,000 unts for each $2 reduction in its selling price. If the company will only consider price reductions in increments of 52(e g. $/8, $76, ete.). what is the maximum annual profit that it can eam on this product? What sales volume and selling price per unit generate the maximum profit?4. What would be the break-even point in unit sales and in dollar sales using the selling price that you determined in requirement

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