Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturing company has to produce and sell 229 items every month to break even. The company's fixed costs are $2,293.50 per month and variable

A manufacturing company has to produce and sell 229 items every month to break even. The company's fixed costs are $2,293.50 per month and variable costs are $9.00 per item.

a. What is the total revenue at the break-even point?

Round to the nearest cent

b. What is the selling price per item?

Round to the nearest cent

Please answer this asap . Thanks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Technical Analysis Of Stock Trends

Authors: Robert D. Edwards, John Magee

1st Edition

1607962233, 978-1607962236

More Books

Students also viewed these Finance questions

Question

1. What faces of evil do you see reflected in this case?

Answered: 1 week ago