Currently syed has fixed costs of 346400 and variable cost, Accounting Basics

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Currently syed has fixed costs of 346400 and variable cost

Problem

Syed Company needs to reduce the selling price of its product in order to be competitive. Currently, Syed has fixed costs of $346,400 and variable costs per unit of $2.50. If Syed can sell 80,000 units, what price should it charge in order to break even?

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Accounting Basics: Currently syed has fixed costs of 346400 and variable cost

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