Chester has a new design for their product Cone next round that can reduce their material cost of producing units from $8.14 to $7.32. Chester passes on half of all cost savings by cutting the current price to customers. For simplicity:,,- Use current labor costs of $4.15,- Assume all period costs as reported on Chester’s Income Statement (Annual Rpt Pg 2) will remain the same (period costs $7227)..,,Determine how many units (000) of product Cone would need to be sold next round to break even on the product
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