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The Warren Watch Company sells watches for $21, fixed costs are $135,000, and variable costs...

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Finance

The Warren Watch Company sells watches for $21, fixed costs are $135,000, and variable costs are $14 per watch.

  1. What is the firm's gain or loss at sales of 8,000 watches? Enter loss (if any) as negative value. Round your answer to the nearest cent. $ What is the firm's gain or loss at sales of 20,000 watches? Enter loss (if any) as negative value. Round your answer to the nearest cent. $
  2. What is the break-even point (unit sales)? Round your answer to the nearest whole number. units
  3. What would happen to the break-even point if the selling price was raised to $31? -Select- a) The result is that the break-even point remains unchanged. b) The result is that the break-even point is lower. c) The result is that the break-even point is higher.
  4. What would happen to the break-even point if the selling price was raised to $31 but variable costs rose to $22 a unit? Round your answer to the nearest whole number. -Select- a) The result is that the break-even point remains unchanged. b) The result is that the break-even point increases. c) The result is that the break-even point decreases.

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