A manufacturing business that is involved in manufacturing and selling a single product. The annual fixed expenses
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Question:
A manufacturing business that is involved in manufacturing and selling a single product. The annual fixed expenses to run the business are $15,000 and variable expenses are $7.50 per unit. The sale price of your product is $15 per unit.
a.Formulate the total revenue (TR), total cost (TC) and profit (P) functions
b.Find the break-even point quantity and revenue
c.Find the number of units to sell if the estimated profit is $50,000.
d.Find the total profit if the total units sold is 5,000 units.
e.Find the units to sell to break-even the fixed expenses.
Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
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