Reference no: EM132582793
Problem 1: OptimEyes produces designer spectacles. Its projected financial information for the next period is as follows:
Sales of 50,000 units @ $45 each for a total of $2,250,000
Total variable costs of $1,305,000
Fixed costs of $678,920
Required.
Compute the number of units that need to be sold by OptimEyes to earn a profit equal to 10% of sales (10% x $2,250,000 = 225,000). Do not round intermediary calculations. Round your final answer to the nearest unit.
Problem 2: Eye Wish You The Best produces designer spectacles. Its breakeven point is 1,519 units. Variable cost per unit is $475. Total fixed costs are $239,363.
Required. What sales price does Eye Wish You The Best charge per designer spectacle? Do not round intermediary calculations. Round your final answer to the nearest dollar. Do not use a $ sign in your final answer.