8. The cost of producing a small transistor radio set consists of P23.00 for labor and P37.00 for materials. The fixed charges in operating the plant are P100,000 per month. The variable cost is P1.00 per set. The radio set can be sold for P75.00 each. Determine how many sets must be produced per month to break even.
8. The cost of producing a small transistor radio set consists of P23.00 for labor and P37.00 for materials. The fixed charges in operating the plant are P100,000 per month. The variable cost is P1.00 per set. The radio set can be sold for P75.00 each. Determine how many sets must be produced per month to break even.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:8. The cost of producing a small transistor radio set consists of P23.00 for labor and
P37.00 for materials. The fixed charges in operating the plant are P100,000 per month.
The variable cost is P1.00 per set. The radio set can be sold for P75.00 each. Determine
how many sets must be produced per month to break even.
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