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A book publisher has fixed costs of $300,000 and variable costs per book of $8.00. The book sells for $23.00 per copy. a. How many books must be sold to break even? Number of books If the fixed cost increased, would the new break-even point be higher or b. lower? O Higher O Lower If the variable cost per unit decreased, would the new break-even point be c. higher or lower? Higher O Lower

A book publisher has fixed costs of $300,000 and variable costs per book of $8.00. The book sells for $23.00 per copy. a. How many books must be sold to break even? Number of books If the fixed cost increased, would the new break-even point be higher or b. lower? O Higher O Lower If the variable cost per unit decreased, would the new break-even point be c. higher or lower? Higher O Lower

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A book publisher has fixed costs of $300,000 and variable costs per book of $8.00. The book sells for $23.00 per copy. a. How many books must be sold to break even? Number of books If the fixed cost increased, would the new break-even point be higher or b. lower? O Higher O Lower If the variable cost per unit decreased, would the new break-even point be c. higher or lower? O Higher O Lower
Transcribed Image Text:A book publisher has fixed costs of $300,000 and variable costs per book of $8.00. The book sells for $23.00 per copy. a. How many books must be sold to break even? Number of books If the fixed cost increased, would the new break-even point be higher or b. lower? O Higher O Lower If the variable cost per unit decreased, would the new break-even point be c. higher or lower? O Higher O Lower
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