Your small toy manufacturing facility has the following information: Revenue per toy $1.19 Fixed costs $11,500 Material cost per toy $0.385 Electricity cost per toy $0.034 Labor cost per toy $0.11 Break Even is defined as Revenue = Total Cost What is the quantity of toys that must be sold to break even?
Your small toy manufacturing facility has the following information: Revenue per toy $1.19 Fixed costs $11,500 Material cost per toy $0.385 Electricity cost per toy $0.034 Labor cost per toy $0.11 Break Even is defined as Revenue = Total Cost What is the quantity of toys that must be sold to break even?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Your small toy manufacturing facility has the following information:
Revenue per toy
$1.19
Fixed costs
$11,500
Material cost per toy $0.385
Electricity cost per toy $0.034
Labor cost per toy
$0.11
Break Even is defined as Revenue = Total Cost
What is the quantity of toys that must be sold to break even?
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