Question
Farris Billard Supply sells all types of billard equipment, and is considering manufacturing their own brand pool cues. Mysti Farris, the production manager is currently
Farris Billard Supply sells all types of billard equipment, and is considering manufacturing their own brand pool cues. Mysti Farris, the production manager is currently investigating the production of a standard house pool cue that should be very popular. Upon analyzing the costs, Mysti determines that the material and labour cost for each cueis $25 and the fixed caost that must be covered is $2400 per week. With a selling price of $40 each, how many pool cues must be sold to break even? What will the total revenue be at this break-even point?
Please show formulas and all calculations
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started