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Business Math - CVP Please answer correctly or I will leave feedback. Toys-4-U manufactures a toy that it sells for $20 each. The variable cost
Business Math - CVP
Please answer correctly or I will leave feedback.
Toys-4-U manufactures a toy that it sells for $20 each. The variable cost per toy is $10 and the fixed costs for this product line are $80,000 per year. They estimate they can produce 12,500 toys per production period. a. What is the break-even point in units? Break-even point toys per year b. What is the break-even sales revenue? Break-even sales revenue per year c. What is the break-even volume as a percent of capacity? (Round your answer to 1 decimal place.) Break-even volume % d. What would their net income be if they sold 11,000 toys? Net income e. What level of output is required to have a net income of $17,000? Level of output toys per yearStep by Step Solution
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