calculate how many widgets must be sold each month in order to break even. Scenario: Woody's Widget Shop has the following information: The average widget has a sales price of $18; raw materials for the widget are $4, and it takes 30 minutes to assemble one widget. Production labor is paid $8 per hour. Operating expenses are as follows: salaries, $2,500 per week, insurance, $1,200 per quarter rent, $3,000 per month and utilities, $1,000 per month. Adelman, P.J., Marks, A. M. (2013). Profit, profitability, and break-even analysis. Entrepreneurial Finance (6th ed.) Upper Saddle River, NJ: Prentice Hall