Grayson Corporation Produces and Sells a Single Product Required:
A

question 70

Essay

Grayson Corporation produces and sells a single product. Data concerning that product appear below:
$$\begin{array} { l r } \text { Selling price per unit } & \$ 230.00 \\\text { Variable cost per unit } & \$ \quad 92.00 \\ \text { Fixed cost per month } & \$ 621,000 \\\end{array}$$
Required:
a. Assume the company's monthly target profit is $69,000. Determine the unit sales to attain that target profit.
b. Assume the company's monthly target profit is $41,400. Determine the dollar sales to attain that target profit.

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Definitions:

Factors Of Production

The inputs or resources that are used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.

Input

The resources, materials, or data put into a system, process, or machine to obtain a desired output.

Output

The amount of something produced by a person, machine, or industry.

Function

A mathematical relation in which each element of a domain is associated with exactly one element of a range.