Question
Suppose a firm operates a garment manufacturing plant which has a $350,000 fixed cost. The plant produces suits that can be sold for $325. The
Suppose a firm operates a garment manufacturing plant which has a $350,000 fixed cost. The plant produces suits that can be sold for $325. The firm spends $195 to make each suit.
To breakeven, how many suits should the firm sell? Enter your answer in the following format: 1,234;
Hint #1: Answer is between 2342 and 3042
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Financial Management In Construction Contracting
Authors: Andrew Ross, Peter Williams
1st Edition
1405125063, 9781405125062
