Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Harmony Company sells hand-knit scarves. Each scarf sells for $30. The company pays $40 to rent vending space for one day. The variable costs are
Harmony Company sells hand-knit scarves. Each scarf sells for $30. The company pays $40 to rent vending space for one day. The variable costs are $12 per scarf. How many scarves should the company sell each day in order to break even? (Round your answer up to the nearest whole scarf.) O A. 10 scarves B. 4 scarves C. 2 scarves D. 3 scarves Yarn Basket, Ltd., sells hand-knit scarves. Each scarf sells for $45. The company pays $350 to rent a vending space for one day.TH variable costs are $11 per scarf. What total revenue amount does the company need to earn to break even? (Round any percentage two decimal places and your final answer to the nearest cent.) O A. $4.37 B. $14.56 OC. $45.00 D. $463.21
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