Charriott sells a single product at $14 per unit. The firm's most recent income statement revealed unit sales of 80,000, variable costs of $800,000, and fixed costs of $560,000. Management believes that a $3 drop in selling price will boost unit sales volume by 20%. Which of the following correctly depicts how these two changes will affect the company's break-even point? Drop in Sales PriceIncrease in Sales VolumeA.IncreaseIncreaseB.IncreaseDecreaseC.IncreaseNo effectD.DecreaseIncreaseE.DecreaseDecrease
A. Choice A
B. Choice B
C. Choice C
D. Choice D
E. Choice E
Answer: C
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