Essay
The IRU Company manufactures traditional wooden pencils.They have determined their variable cost/unit to be $0.012/pencil.Fixed costs, however, are quite high because of old processing equipment and costly packaging.The fixed costs are estimated at $140,000/month.IRU sells their pencils at a price of $13.248/gross.(There are 144 pencils in a gross.)How many grosses of pencils must be sold annually to break even?
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