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Determining the Break-Even Point Problem: You have been hired by Dominic Manero, owner of a small start-up company, to create a data table that
Determining the Break-Even Point Problem: You have been hired by Dominic Manero, owner of a small start-up company, to create a data table that analyzes the break-even point for a new product he is developing. He would like you to analyze the break-even point for prices ranging from $12.99 to $22.99 per unit, in $1.00 increments. You can calculate the number of units he must sell to break even (break-even point) if you know the fixed expenses, the price per unit, and the expense (cost) per unit. The following formula determines the break-even point: Break-Even Point = Fixed Expenses/(Price per Unit - Expense per Unit) Assume Fixed Expenses = $8,000; Price per Unit = $14.99; and Expense per Unit = $8.00. Perform the following tasks: Part 1: Use the concepts and techniques presented in this module to determine the break-even point and then create the data table. Use the Price per Unit as the input cell and the break-even value as the result. Protect the worksheet so that only cells with data can be selected. Submit your assignment in the format specified by your instructor. Part 2: You made several decisions while creating the worksheet for this assignment. How did you set up the worksheet? How did you decide how to create the data table? What was the rationale behind each of these decisions?
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