Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Quiz 14 A NAME We sell pens for $4.50 each. Variable costs of the pen are $2.50 and fixed costs are $42,000. Calculate, and show

image text in transcribed
Quiz 14 A NAME We sell pens for $4.50 each. Variable costs of the pen are $2.50 and fixed costs are $42,000. Calculate, and show all your work, for the following: 1) Break even in Dollars ANS 2) If we increase fixed costs by $10,000, it will cause variable costs to decline by 25 per unit. What will sales (in Units) need to be to attain a $15,000 profit, assuming no taxes. ANS

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Intermediate Accounting

Authors: Kin Lo, George Fisher

3rd Edition Vol. 1

133865940, 133865943, 978-7300071374

Students also viewed these Accounting questions