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Spring Tire LLC had a $115,000 fixed cost for the month ended on May, October 31st, 2020. During the month, the price and variable cost
Spring Tire LLC had a $115,000 fixed cost for the month ended on May, October 31st, 2020. During the month, the price and variable cost per unit of sold tire were $6.00 and $5.50, respectfully. Spring Tire LLC sold 230,000 tires during the month (40 points) Calculate Total Sales Revenue (5 points) Calculate Total Variable costs (5 points) Calculate Gross Margin (5points) " N Calculate Accounting profit (5 points) Is 230,000 the break-even point? Explain (5 points) Calculate Accounting profit when the number of sold tires is 200,000 (5 points) Is 200,000 the break-even point? Explain (5 points) What should the be total amount of fixed costs of Spring Tire to make 200,000 the break-even point? (5 points)
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