A manufacturing company has to produce and sell 228 items every month to break even. The company's fixed costs are $2,253.50 per month and variable costs are $10.00 per item. a. What is the total revenue at the break-even point? Round to the nearest cent b. What is the selling price per item? Round to the nearest cent
A manufacturing company has to produce and sell 228 items every month to break even. The company's fixed costs are $2,253.50 per month and variable costs are $10.00 per item. a. What is the total revenue at the break-even point? Round to the nearest cent b. What is the selling price per item? Round to the nearest cent
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A manufacturing company has to produce and sell 228 items every month to break even. The company's fixed costs are $2,253.50 per month and variable costs are $10.00 per item.
a. What is the total revenue at the break-even point?
Round to the nearest cent
b. What is the selling price per item?
Round to the nearest cent
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