Question: 1. A local toolmaker makes the best hammers on the market. The head of the hammer costs $11.06 and the handle costs $6.27. It takes
1. A local toolmaker makes the best hammers on the market. The head of the hammer costs $11.06 and the handle costs $6.27. It takes 1.4 minutes to assemble the hammer and the hourly cost is $71 for assembly time. The company has fixed operating costs of $28437 per month. They sell the hammers for three times their total variable cost. The company wants to make a monthly profit of $11033. How many hammers must they sell? Round to the nearest whole number
2. Last year, Terrific Copying had total revenue of $617095, while operating at 47% of capacity. The total of its variable cost is $153549. Fixed costs were $202281. What is Terrific's break-even point expressed in dollars of revenue? Enter as dollars and cents without a dollar sign or comma.
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