The marketing manager of Griffin Corporation has determined that a market exists for a telephone with...
The marketing manager of Griffin Corporation has determined that a market exists for a telephone with a sales price of $36 per unit. The production manager estimates the annual fixed costs of producing between 40,000 and 80,000 telephones would be $450,000.
Required
Assume that Griffin desires to earn a $150,000 profit from the phone sales. How much can Griffin afford to spend on variable cost per unit if production and sales equal 50,000 phones?
Homework Answers
| Sales | 1800000 | =50000*36 |
| Less: Fixed costs | 450000 | |
| Less: Profit | 150000 | |
| Total variable cost | 1200000 | =1800000-450000-150000 |
| Divide by units | 50000 | |
| Variable cost per unit | 24 | |
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