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PLEASE HELP! Problem 7-10 (Algo) Assume a fixed cost of $1,300, a variable cost of $7.00, and a selling price of $11.00 a. What is
PLEASE HELP!
Problem 7-10 (Algo) Assume a fixed cost of $1,300, a variable cost of $7.00, and a selling price of $11.00 a. What is the break-even point? (Roundup your answer to the next whole number.) Break even point 700 units b. How many units must be sold to make a profit of $500.00? (Roundup your answer to the next whole number.) Units to be sold 1,000 C. How many units must be sold to average $0.25 profit per unit? $0.50 profit per unit? (Roundup your answer to the next whole number. Loss should be indicated with a minus sign.) 50.25 profitloss per unit 50.50 profit loss per unit Units to be Sold 900 units 607 units Step by Step Solution
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