Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Katie's Lemonade Stand sells lemonade, cookies, and brownies. It sold 15,000 units last year. Lemonade outsold brownies by a margin of 3 to 1. Sales
Katie's Lemonade Stand sells lemonade, cookies, and brownies. It sold 15,000 units last year. Lemonade outsold brownies by a margin of 3 to 1. Sales of cookies were the same as sales of brownies. Fixed costs for the lemonade stand are $9,000.
Product | Unit Sales Prices | Unit Variable Cost |
Lemonade | $3.00 | $1.00 |
Cookies | $5.00 | $3.00 |
Brownies | $2.50 | $1.50 |
What is the breakeven sales volume for Katie's Lemonade Stand?
Group of answer choices
5,000
1,800
4,500
3,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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