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A firm sells two products. Product X sells for $12; its variable cost is $4. Product Y sells for $25; its variable cost is $15.
A firm sells two products. Product X sells for $12; its variable cost is $4. Product Y sells for $25; its variable cost is $15. Product X accounts for 45 percent of the firm's sales, while Y accounts for 55 percent. The firm's fixed costs are $340,000 annually. Calculate the firm's break-even point in dollars.
a.
$619872.38
b.
$651965.48
c.
619872.38 units
d.
$621,572
e.
651965.48 units
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