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10. Chef Company makes and sells pre-packed lunches. The variable cost of each lunch is $7. The lunches are sold for $12 each. Fixed
10. Chef Company makes and sells pre-packed lunches. The variable cost of each lunch is $7. The lunches are sold for $12 each. Fixed operating expenses amount to $10,000. Using the space below, prepare a break-even graph. Indicate the following on the graph: (a) fixed cost, (b) total cost, (c) total revenue, (d) loss, (e) breakeven point, and (f) profit area.
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