Mandisa Fox started a company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since day one,
Question:
Mandisa Fox started a company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since day one, Mandisa has rented the equipment from a local printing shop when necessary. The cost of using the equipment is $350. The materials used in one shirt cost $8, and Mandisa can sell these shirts for $15 each.
(a) If Mandisa sells 20 shirts, what will the total revenue be? What will the total variable cost be?
(b) How many shirts must Mandisa sell to break even? What is the total revenue for this?
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Step by Step Answer:
a To calculate the total revenue we multiply the selling price per shirt by the number of shirts sol...View the full answer
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ISBN: 9780137943609
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Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
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