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Clipper Company sells two types of nail clippers. One focuses on the economy oriented customer and the other aims to satisfy the high-end clientele. The economy clipper has a variable cost of $3 and has a sales price of $5. The high-end model has a variable cost of $9 and sales for $12. Fixed costs associated with this product line amount to $35,880. Economy clippers constitute 70 percent of the market with the remaining 30 percent being high-end clippers. What is the break-even point for the high-end clippers? O 5,460 clippers O 4,680 clippers O 3,120 clippers O 7.800 clippers

Clipper Company sells two types of nail clippers. One focuses on the economy oriented customer and the other aims to satisfy the high-end clientele. The economy clipper has a variable cost of $3 and has a sales price of $5. The high-end model has a variable cost of $9 and sales for $12. Fixed costs associated with this product line amount to $35,880. Economy clippers constitute 70 percent of the market with the remaining 30 percent being high-end clippers. What is the break-even point for the high-end clippers? O 5,460 clippers O 4,680 clippers O 3,120 clippers O 7.800 clippers

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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Clipper Company sells two types of nail clippers. One focuses on the economy oriented customer 4 and the other aims to satisfy the high-end clientele. The economy clipper has a variable cost of $3 and has a sales price of $5. The high-end model has a variable cost of $9 and sales for $12. Fixed costs associated with this product line amount to $35,880. Economy clippers constitute 70 percent of the market with the remaining 30 percent being high-end clippers. What is the break-even point for the high-end clippers? O 5,460 clippers 4,680 clippers O 3,120 clippers O 7,800 clippers
Transcribed Image Text:Clipper Company sells two types of nail clippers. One focuses on the economy oriented customer 4 and the other aims to satisfy the high-end clientele. The economy clipper has a variable cost of $3 and has a sales price of $5. The high-end model has a variable cost of $9 and sales for $12. Fixed costs associated with this product line amount to $35,880. Economy clippers constitute 70 percent of the market with the remaining 30 percent being high-end clippers. What is the break-even point for the high-end clippers? O 5,460 clippers 4,680 clippers O 3,120 clippers O 7,800 clippers
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