Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lupe is planning to expand their business by manufacturing dream catchers. They have been doing well at local craft shows and in their online store,

Lupe is planning to expand their business by manufacturing dream catchers. They have been doing well at local craft shows and in their online store, and feels that with a bigger manufacturing facility, with the addition of an employee, they will be able to expand and grow their business. They know that they would like a target profit of $5,000 per month. They also know that their selling price is $129 and their variable cost to produce the dream catcher is $57.28. Their fixed costs in the new facility will be $4,650 per month. How many dream catchers do they need to be able to manufacture per month to meet their target profit goal

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_2

Step: 3

blur-text-image_3

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

Retailing Management

Authors: Michael Levy, Barton A Weitz

8th Edition

0073530026, 9780073530024

More Books

Students also viewed these General Management questions

Question

3. It is the commitment you show that is the deciding factor.

Answered: 1 week ago