Break$-$Even Analysis

Handout Problems, Selected Problems from Textbook, and Project $1$

Handout Problem $1$

Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since she has just begun this operation, she rents 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 Gina can sell these for $$15$ each. $($a$)$ If Gina sells $20$ shirts, what will her total revenue be$?$ What will her total variable cost be$?($b$)$ How many shirts must Gina sell to break even? What is the total revenue for this?