What is The break-even point in bags? account questions Fresh Harvest Co. sells 40-poundbags of oranges to retailers for $12per bag. The fixed costs of thisoperation are $120,000, while thevariable cost per pound of orangesis $0.15.What is the break-even point inbags?

Step 1: Definition of Break-even PointThe break-even point is the level of sales at which total…

Answered: Fresh Harvest Co. sells 40-pound bags…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 62P

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Homoward Hardware buys cat liter for $6 less 20% per bag. The store's overhead is 45% of cost and the owner requires a profit of 20% of cost (a) (b) (c) (d) (e) (7) For how much should the bags be sold? What is the amount of markup included in the selling price? What is the rate of markup based on selling price? What is the rate of markup based on cost? What is the break-even price? What operating profit or loss is made if a bag is sold for $7 509
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Fresh Harvest Co. sells 40-pound bags of oranges to retailers for $12 per bag. The fixed costs of this operation are $120,000, while the variable cost per pound of oranges is $0.15. What is the break-even point in bags?