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Velocity Bikes sells its product at $1,000 per unit. Fixed costs are $150,000, and the variable cost per unit is $400. How many units must be sold to break even? a. 300 b. 150 c. 250 d. 375

Velocity Bikes sells its product at $1,000 per unit. Fixed costs are $150,000, and the variable cost per unit is $400. How many units must be sold to break even? a. 300 b. 150 c. 250 d. 375

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 7EB: Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are...
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Velocity Bikes sells its product at $1,000 per unit. Fixed costs are $150,000, and the variable cost per unit is $400. How many units must be sold to break even? a. 300 b. 150 c. 250 d. 375
Transcribed Image Text:Velocity Bikes sells its product at $1,000 per unit. Fixed costs are $150,000, and the variable cost per unit is $400. How many units must be sold to break even? a. 300 b. 150 c. 250 d. 375
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