1 answer

Problem 2 (See pages 126-145) Merck Corporation manufactures blood glucose meters. Each meter sells for $50...

Question:

Problem 2 (See pages 126-145) Merck Corporation manufactures blood glucose meters. Each meter sells for $50 and has a variabl
Problem 2 (See pages 126-145) Merck Corporation manufactures blood glucose meters. Each meter sells for $50 and has a variable cost of $30. There are $120,000 in fixed costs involved in the production process. (PLEASE SHOW YOUR WORK). a) Calculate Merck's operating break-even point in units b) What is Merck's operating profit (loss) when sales are 7.000 meters? d) Merck's president would like an annual profit of $600,000. How many meters must be sold to attain this profit?

Answers

a) Operating break-even point in units = 6,000 units • The breakeven point (BEP) is the volume at which there is neither prof

b) Operating profit when sales are 7,000 meters = $20,000 7000 units x $50 7000 units x $30 Sales Less: variable costs Contri

c) Number of meters that must be sold to attain an annual profit of $600,000 = 36,000 units Fixed costs + Desired profit Unit

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