Atlantic Corporation manufactures lobster traps. Variable production costs per unit are $8 per unit and variable selling costs are $2 per unit. Fixed costs are $300,000. Atlantic's break-even point is 50,000 units. Ignoring taxes, what is the selling price of an Atlantic lobster trap?

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The Answer of Atlantic Corporation manufactures lobster traps. Variable production costs per unit are $8 per unit and variable selling costs are $2 per unit. Fixed costs are $300,000. Atlantic's break-even point is 50,000 units. Ignoring taxes, what is the selling price of an Atlantic lobster trap?

Atlantic Corporation Manufactures Lobster Traps