1. Russ Company sold 600 units of smartphones in 2020. Each product has a variable cost of $100 and was sold at $400. The company’s fixed cost was $15,000. In 2021, the company projected a net profit of $175,800. Using the contribution margin technique: a. How many units does the company need to sell in 2020 to reach their break even point?  b. How many sales in dollars does the company need in 2020 to reach their break even point?  c. How many units does the company need to sell in 2021 to reach their targeted income?

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A:

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.