Question
Given the following information, answer the questions: - The ratio of variable cost per unit divided by selling price per unit equals 0.3. - Fixed
Given the following information, answer the questions:
- The ratio of variable cost per unit divided by selling price per unit equals 0.3.
- Fixed costs amount to $60,000.
(a) Draw the cost-volume-profit chart.
(b) What is the break-even point?
(c) What effect would an 8% decrease in selling price have on the break-even point from part (b)?
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Military Finances Personal Money Management For Service Members Veterans And Their Families
Authors: Cheryl Lawhorne-Scott, Don Philpott
1st Edition
144222214X, 978-1442222144
