ch7.46.1 Lotts Company produces and sells one product. The selling price is $10, and the unit variable cost is $6. Total fixed cost is $10,000. Unless otherwise instructed, round all total dollar figures (e.g., sales, total contribution margin) to the nearest dollar, breakeven or target units to the nearest unit, and unit costs and unit contribution margins to the nearest cent. Round ratios to four significant digits. For all the graphs below, the plus-marked line is total revenue, and the heavy solid line is total cost. graphs are attached. Required: 1. Of the four graphs below, choose the correct CVP graph for Lotts Company. What is the break-even point in units?Correct answer is ?
ch7.46.1
Lotts Company produces and sells one product. The selling price is $10, and the unit variable cost is $6. Total fixed cost is $10,000.
Unless otherwise instructed, round all total dollar figures (e.g., sales, total contribution margin) to the nearest dollar, breakeven or target units to the nearest unit, and unit costs and unit contribution margins to the nearest cent. Round ratios to four significant digits.
For all the graphs below, the plus-marked line is total revenue, and the heavy solid line is total cost. graphs are attached.
Required:
1. Of the four graphs below, choose the correct CVP graph for Lotts Company.
What is the break-even point in units?Correct answer is ?
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