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

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Question

Accounting

Last year Minden Company introduced a new product and sold 16,000 units of it at a price of $74 per unit. The product's variable expenses are $44 per unit and its fixed expenses are $527,400 per year.

Required:

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?

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