Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If breakeven point is 1200 units, each unit sells for $32, and fixed costs are $20,000, then on a graph the revenue line will start

image text in transcribed
If breakeven point is 1200 units, each unit sells for $32, and fixed costs are $20,000, then on a graph the revenue line will start at $20,000 total revenue line and the total cost line will intersect at $58,400 of revenue total cost line will be zero at zero units sold total revenue line and the total cost line will intersect at $38,400 of revenue

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

Students also viewed these Accounting questions