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11) Larry's Lounge Chairs has the following annual xed costs: $25,000 in rent, $7,000 in taxes, and $3,000 in insurance. Each lounge chair costs $11

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11) Larry's Lounge Chairs has the following annual xed costs: $25,000 in rent, $7,000 in taxes, and $3,000 in insurance. Each lounge chair costs $11 to make. Larry and his employees can produce a maximum of 75 chairs each month. Assuming they are able to sell all of these chairs, what is the breakeven price and the contribution per chair? A) 477.67; $466.67 B) $49.89; $38.89 C) $39.82; $38.89 D) $49.89; $11.00 B) $39.82; $28.82

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