Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Upon graduation, you have joined a small plastic manufacturer. You have an idea to make a plastic pumpkin to sell on line at Halloween. The
Upon graduation, you have joined a small plastic manufacturer. You have an idea to make a plastic pumpkin to sell on line at Halloween. The fixed costs will be $1000 for internet advertising and $2000 for the mold. Your labor and materials will be $0.50 per unit and the shipping will average another $1.50 per unit. The sales price per pumpkin will be $6.00 per unit. Answer the following: (no decimal is needed) What is the total fixed cost? What is the variable cost per unit? What is the sales price per unit? What is the break-even quantity? What is the break-even in dollars sold
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