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Solomon Corporation is a manufacturing company that makes small electric motors it sells for $55...

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Accounting

Solomon Corporation is a manufacturing company that makes small electric motors it sells for $55 per unit. The variable costs of production are $30 per motor, and annual fixed costs of production are $325,000.
Required
How many units of product must Solomon make and sell to break even?
How many units of product must Solomon make and sell to earn a $75,000 profit?
The marketing manager believes that sales would increase dramatically if the price were reduced to $50 per unit. How many units of product must Solomon make and sell to earn a $97,500 profit, if the sales price is set at $50 per unit?

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