Tim Taylor has written a self improvement book that has the following cost characteristics: Selling Price $16.00 per book Variable cost per unit:   Production $4.00 Selling & administrative 2.00 Fixed costs:   Production $98,000 per year Selling & administrative 22,800 per year How many units must be sold to break-even? Round to two decimal places.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
Section14.A: Breakeven Analysis
Problem 5P
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Tim Taylor has written a self improvement book that has the following cost characteristics:

Selling Price $16.00 per book
Variable cost per unit:  
Production $4.00
Selling & administrative 2.00
Fixed costs:  
Production $98,000 per year
Selling & administrative 22,800 per year

How many units must be sold to break-even?

Round to two decimal places.

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