Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have an internet based business with total fixed costs of 7000 per month, variable costs of $10.000 per unit sold with a forecasted sales

You have an internet based business with total fixed costs of 7000 per month, variable costs of $10.000 per unit sold with a forecasted sales total of 1100 units. Next month, the anticipated selling price of the goods are $22 each. Determine the contribution margin (in dollars). Determine the profit function (without units using x to represent the number of units). Estimate the profit for next month (in dollars). Determine the break-even volume (do not include units). Provide your answer as an accurate whole number.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Cornerstones Of Managerial Accounting

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

4th Edition

978-0538473460, 0538473460

More Books

Students also viewed these Accounting questions

Question

Describe ERP and how it can create efficiency within a business

Answered: 1 week ago