Torbert, Inc

question 103

Essay

Torbert, Inc., produces and sells a single product. The product sells for $190.00 per unit and its variable expense is $72.20 per unit. The company's monthly fixed expense is $353,400.
Required:
Determine the monthly break-even in unit sales. Show your work!

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Definitions:

Chapter 11

A provision of the United States Bankruptcy Code that allows businesses to reorganize their debts and continue operating.

Chapter 13

A section of the U.S. bankruptcy code allowing individuals earning regular income to develop a plan to repay all or part of their debts.

Debtor

An individual or entity that owes money to another entity, known as the creditor.

Bad Faith

Intentional dishonest act by not fulfilling legal or contractual obligations, misleading another, entering into an agreement without the intention or means to complete it, or violating basic standards of honesty in dealings.