Question 12 Surrey Company sells soup packets to distributors throughout the lower mainland at a price of $24.99 per soup packet. Their annual expenditures include S48,000 in rent and utilities and $102,000 in employee salaries. On top of that, they spend $11.19 on the ingredients tets must Suurrey sell each vear in order to break even?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 12
Surrey Company sells soup packets to distributors throughout the lower mainland
at a price of $24.99 per soup packet. Their annual expenditures include $48,000 in rent and utilities
and $102,000 in employee salaries. On top of that, they spend $11.19 on the ingredients
of each soup packet they make, How many soup packets must Surrey sell each year in order to break even?
Transcribed Image Text:Question 12 Surrey Company sells soup packets to distributors throughout the lower mainland at a price of $24.99 per soup packet. Their annual expenditures include $48,000 in rent and utilities and $102,000 in employee salaries. On top of that, they spend $11.19 on the ingredients of each soup packet they make, How many soup packets must Surrey sell each year in order to break even?
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