Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If Toms Company, a fertilizer producer, has a selling price of $4.00 per fertilizer bag, variable cost of $0.50 per bag of fertilizer, and fixed

If Toms Company, a fertilizer producer, has a selling price of $4.00 per fertilizer bag, variable cost of $0.50 per bag of fertilizer, and fixed cost of $2,100.00. What is the number of fertilizer bags it must sell to break even?

* When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000.00 without any dollar sign.

* Make sure you round your answers to the second decimal places, so if the answer is $10, you should be typing 10.00.

*Do NOT type "Units" to indicate the number of units. You just need to type the numbers ONLY. For example, if your answer is 100 units, you should be typing 100 without any words.

Organ Company has the following information available for the sale of cranberry juice in the month of February.

Selling Price of Each Cranberry Juice Bottle $6.00 per juice bottle
Unit Variable Costs $1.50 per bottle
Total Fixed Cost $4,500.00

Based on the information above, determine how many units need to be sold to break even and how much is required in sales to break even.

* When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000.00 without any dollar sign.

* Make sure you round your answers to the second decimal places, so if the answer is $10, you should be typing 10.00.

Break-Even Point in Units Units
Break-Even Point in Sales $

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

British And German Banking Strategies

Authors: S. Janssen

1st Edition

0230220487, 9780230220485

More Books

Students also viewed these Accounting questions

Question

write a java code for American flag and also provide flow chart

Answered: 1 week ago