Volpe Corporation produces class rings to sell to college and high school students. These rings sell for $75 each, and cost $30 each to produce. Volpe Corporation has fixed costs of $45,000.
a) Calculate Volpe Corporation's break-even point.
b) How much profit (loss) will Volpe Corporation have if it sells 800 rings? 6,000 rings?
c) Volpe's president, J. Volpe, expects an annual profit of $200,000. How many rings must be sold to attain this profit?