Question
You are going to open a business making custom skateboards. Using the data in the table, provide answers to the questions below. Skateboard Selling Price
You are going to open a business making custom skateboards. Using the data in the table, provide answers to the questions below.
Skateboard Selling Price
$ 175
Time to Make One Cabinet
3 hours
Labor Cost per Hour
$ 29
Raw material Cost per Skateboard
$ 18
Fixed Costs
$ 23000
Desired Profit per Month
$ 9000
What is your Contribution Margin? (two decimals)
Skateboards to make per month to Break Even? ~ skateboards\month
Monthly Revenue needed to Break Even? $ (two decimals)
Skateboards sold to reach desired profit? skateboards\month
Monthly Revenue needed for desired profit? $ (two decimals)
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Public Finance
Authors: Harvey S. Rosen
3rd Edition
0256083762, 978-0256083767
