Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Clipper Company sells two types of nail clippers. One focuses on the economy oriented customer and the other aims to satisfy the high - end

Clipper Company sells two types of nail clippers. One focuses on the economy oriented customer and the other aims to satisfy the high-end clientele. The economy clipper costs $3 and has a sales price of $7. The high-end model costs $6 and sells for $12. Fixed costs associated with this product line amount to $56,760. Economy clippers constitute 70 percent of the market with the remaining 30 percent being high-end clippers. Based on this information what is the total break-even point (the tolal number of economy line plus the number of high-end clippers)?
Note: Round your final answer to nearest whole number.
Multiple Choice
2,468 clippers
12,228 clippers
1,851 clippers
12,339 clippers
image text in transcribed

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

Microeconomics Theory And Applications

Authors: Edgar K. Browning, Mark A. Zupan

13th Edition

1119368928, 9781119368922

More Books

Students also viewed these Accounting questions

Question

What are the two ways of writing the difference quotient?

Answered: 1 week ago

Question

10-1. What are the three basic categories of reports? [LO-1]

Answered: 1 week ago