1) Itty Bitty Children's Boutique is a children's clothing store that designs, manufactures, and sells children's apparel. They are considering lowering the selling price of their smock outfits to stimulate demand. However, before lowering the price, they must evaluate the total costs associated with the apparel.

Fabric and materials - $23/outfit

Labor to construct the outfit - $15/outfit

Equipment cost for these outfits (steamer and sewing machines) - $1,500

Itty Bitty anticipates selling 250 smocks after lowering the selling price. Assuming their projection is accurate, what is the total average cost they will incur per outfit?

2) Photography estimates that the fixed costs associated with opening her studio are $20,000. Seymour expects the studio to book 208 sessions in the first year, each of which will cost her $50 to service. She estimates the studio will generate $52,000 in revenue. For Seymour, the total costs of opening her photography studio and staying in business for one year will be:

3)Home Depot sells lamp kits for making personalized lighting. The company sells each lamp kit for $40. The average variable cost for each lamp kit is $10, and the total annual fixed cost for plant operation is $58,500. How many units does Home Depot need to sell to break even?

4) . If the fixed costs of an iPhone 12 Pro 256GB are $100,000, the sales price is $1100, and the variable cost per unit is $100, the breakeven point is how many units: