Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prince Company produces flash drives for computers, which it sells for $20 each. the variable cost to make each flash drive is $6.00. During April,
Prince Company produces flash drives for computers, which it sells for $20 each. the variable cost to make each flash drive is $6.00. During April, 700 drives were sold. Fixed costs for April were $2 per unit for a total of $1400 for the month. How much is the breakeven level of sales in dollars for Prince Company.
Select one:
a. $100
b. $7,000
c. $2,000
d. $4,200
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