Required information [The following information applies to the questions displayed below] Griggs Company produces a sing

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Required Information The Following Information Applies To The Questions Displayed Below Griggs Company Produces A Sing 1 (21.83 KiB) Viewed 38 times

Required information [The following information applies to the questions displayed below] Griggs Company produces a single product with a current selling price of $170. Variable costs are $130 per unit, and fixed costs per month average $6,240. Management is considering increasing the selling price to a proposed $190 per unit. Assume that the variable cost per unit of the product and monthly fixed expenses will not change as a result of the proposed increase in selling price. Hint: Treat each situation (current and proposed price) as separate potential scenarios when evaluating each question. At the current selling price of $170 per unit, how much in sales dollars per month is necessary for Griggs to generate a monthly profit of $12,000? (Round the intermediate percentage to one decimal place, and the final answer to the nearest dollar.)