Question: Please answer the following question. include any explantion necessary please #7 Speed School charges $250 per student to prepare and administer written and driving tests.

Please answer the following question. include any explantion necessary please Please answer the following question. include any explantion necessary please #7 Speed

#7 Speed School charges $250 per student to prepare and administer written and driving tests. Variable costs are $100 per student which includes trainer wages, study material and gasoline. Fixed costs are a total of $75,000 for the upkeep of the company. How many students does Speed School need in order to breakeven? Did you use the contribution per unit or contribution ratio approach

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 Finance Questions!