Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed
image text in transcribed
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

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions