Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How is the break even point calculated in the Space and Light Studio Case Study if total revenue is $95460, vaiable costs $55305 and fixed

How is the break even point calculated in the Space and Light Studio Case Study if total revenue is $95460, vaiable costs $55305 and fixed costs $88566 making operating imcome $48411.

I'm having a hard time coming up with the break even quantity units on my own. I know the answer is 195. I also can't find the average cost per class on my own, but know the answer is $139.64

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Auditing A Risk Based Approach

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

12th Edition

035772187X, 978-0357721872

More Books

Students also viewed these Accounting questions

Question

Explain the issues of safety unique to small businesses.

Answered: 1 week ago

Question

Describe downsizing.

Answered: 1 week ago

Question

Discuss compensation for contingent workers.

Answered: 1 week ago