Question: A company sells a product for $50 each. The variable costs are $7 per unit and fixed costs are $21,113 per month. a) Find the

A company sells a product for $50 each. The variable costs

A company sells a product for $50 each. The variable costs are $7 per unit and fixed costs are $21,113 per month. a) Find the revenue function. TR b) Find the cost function. TC = c) Calculate the number of units needed to be sold per month to break-even. units d) Calculate the revenue at the break-even (round off to the nearest cent). $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

J.C Penny has the following current assets (in millions): cash $4,888, receivables $1,000 and inventory $5,812. Its current liabilities (in millions) were $8,000. The quick ratio is Multiple Choice...

Garver Company sells a product for $50 per unit. Variable costs are $25 per unit, and fixed costs are $500 per month. The company expects to sell 610 units in September.Calculate the contribution...

Gallagher Company sells a product for $ 50 per unit. Variable costs are $ 30 per unit, and fixed costs are $ 2,000 per month. The company expects to sell 500 units in September. Calculate the...

S21-4 Calculating contribution margin Gallagher Company sells a product for $50 per unit. Variable costs are $30 per unit, and fixed costs are $2,000 per month. The company expects to sell 500 units...

Chung Company sells a product for $ 5 0 per unit. Variable costs are $ 3 0 per unit, and fixed costs are $ 2 , 0 0 0 per month. The company expects to sell 5 0 0 units in September. Prepare an income...

Gallagher Company sells a product for $ 50 per unit. Variable costs are $ 30 per unit, and fixed costs are $ 2,000 per month. The company expects to sell 500 units in September. Prepare an income...

S21-5 Preparing a contribution margin income statement Gallagher Company sells a product for $50 per unit. Variable costs are $30 per unit, and fixed costs are $2,000 per month. The company expects...

Hey you answered some questions for me for 40 bucks a couple of weeks ago. My teacher just sent me some feedback and I was wondering if you could fix the mistakes. The feedback from the teacher is on...

Im wondering if anyone knows the answers and work to this study sheet, I plan to use it as examples to complete a practice quiz ACG 2071 Midterm Assessment Answer the questions to the best of your...

1 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and fixed costs are $15,000 per week. During the third week of...

. Question 6 A company sells a product for $86 each. The variable costs are $18 per unit and fixed costs are $30,192 per month. a) Find the revenue function. TR = b) Find the cost function. TC = c)...

You are a resident of New Jersey. While at a mall, you were assaulted by a gang. You were severely injured and blinded in one eye. May you sue the gang for monetary damages even though the gang was...

Two friends take a 3000-mile cross-country trip together, but they drive their own cars. Car A has a 12-gallon gas tank and averages 40 miles per gallon, while car B has a 20-gallon gas tank and...

Identify three of the world's largest powers. Find information about the investments each currently makes. In a brief document, indicate the role of their investments and where they have been made....

Kings Department Store is contemplating the purchase of a new machine at a cost of $22,802. The machine will provide $3,500 per year in cash flow for nine years. Kings has a cost of capital of 10...

The Short-Line Railroad is considering a $140,000 investment in either of two companies. The cash flows are as follows: a. Using the payback method, what will the decision be? b. Explain why the...

Sauer Milk Inc. wants to determine the minimum cost of capital point for the firm. Assume it is considering the following financial plans: a. Which of the four plans has the lowest weighted average...

What is the basic difference between a master budget and a flexible budget? a. A flexible budget considers only variable costs; a master budget considers all costs. b. A master budget is based on a...

Global Technologys capital structure is as follows: Debt ............35% Preferred stock ........15 Common equity .......50 The aftertax cost of debt is 6.5 percent; the cost of preferred stock is 10...

If the length of your prefix file is not multiple of 6 4 , what is going to happen?

7. Imagine a communication situation in a work context or in the home situation that has made a big impression on you, positively or negatively. a. Examine now i. your own intentions ii. what you...

Personal role: This consists of service to family and friends.

The role of life: It consists of your own service to yourself.