Question 13 (1.25 points) Grand Gimmicks Company produces a single product with

Question

Question 13(1.25 points)

Grand Gimmicks Company produces a single product with a current selling price of $170. Variable costs are $130 per unit, and fixed costs per month average $6,240. Management is considering increasing the selling price to $190 per unit. Assume that the cost of the product and monthly fixed expenses will not change as a result of the proposed increase in selling price.

At the proposed increased selling price of $190 per unit, what dollar volume of sales per month is required to break-even? (Rounded)

Question 13 options:

a)

$19,747.

b)

$10,400.

c)

$9,123.

d)

$18,480.

a)

$19,747.

b)

$10,400.

c)

$9,123.

d)

$18,480.

Explanation / Answer

c

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