A company manufactures and sells refrigerators. The cost for each refrigerator is $40 and the company has
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Question:
A company manufactures and sells refrigerators. The cost for each refrigerator is $40 and the company has $30,000 in monthly fixed costs. The company plans to sell each refrigerator for $65.
(a) Find the cost function?
(b) Find the revenue function?
(c) Find the profit function?
(d) Find the cost, revenue, and profit for 650 refrigerators?
(e) How many refrigerators must be made and sold in order to break even?
(f) Find the break even point?
Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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