Question 1 of 1 Hat Company sells two types of hats: knit hats with a selling price of $15 and variable costs of $5, and hard hats with a selling price of $25 and variable costs of $10. Knit hats comprise 80% of all sales. If fixed costs are $22,000, how many knit hats and hard hats must be sold for the Hat Company to break even? 400 knit units; 1,600 hard units 2,200 knit units; 1,467 hard units 1,600 knit units; 400 hard units 1,467 knit units; 2,200 hard units

Question 1 of 1 Hat Company sells two types of hats: knit hats with a selling price of $15 and variable costs of $5, and hard hats with a selling price of $25 and variable costs of $10. Knit hats comprise 80% of all sales. If fixed costs are $22,000, how many knit hats and hard hats must be sold for the Hat Company to break even? 400 knit units; 1,600 hard units 2,200 knit units; 1,467 hard units 1,600 knit units; 400 hard units 1,467 knit units; 2,200 hard units

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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Please do not give solution in image format thanku
Please do not give solution in image format thanku