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Last year Terrys sold 100,000 units of his only product and had total revenue of $1,200,000. Based on this level of sales, total variable costs
Last year Terrys sold 100,000 units of his only product and had total revenue of $1,200,000. Based on this level of sales, total variable costs were $800,000. If total fixed costs are projected to be $500,000 how many units (rounded to the nearest unit) must be sold to break even?
125,000 units | ||
100,000 units | ||
62,500 units | ||
None of the above |
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