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Neptune Company produces toys and other items for use in beach and resort areas. A small, inflatable toy has come onto the market that the company is anxious to produce and sell. The new toy will sell for $2.80 per unit. Enough capacity exists in the company's plant to produce 30,700 units of the toy each month. Variable expenses to manufacture and sell one unit would be $1.78, and fixed expenses associated with the toy would total $46,471 per month.
Required:
Problem 1. What is the monthly break-even point for the new toy in unit sales and dollar sales.
Problem 2. How many units must be sold each month to attain a target profit of $10,248 per month?
Problem 3. If the sales manager receives a bonus of 20 cents for each unit sold in excess of the break-even point, how many units must be sold each month to attain a target profit that equals a 22% return on the monthly investment in fixed expenses?
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