Question: Problem 19-01 $ $ $ Management believes it can sell a new product for $6.50. The fixed costs of production are estimated to be 55,000,
Problem 19-01 $ $ $ Management believes it can sell a new product for $6.50. The fixed costs of production are estimated to be 55,000, and the variable costs are $2.50 sunt a. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs Round your answers to the nearest dollar. Enter zero if necessary. Use a minus sign to enter losses, if any. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Losses) 0 $ $ 500 $ $ $ $ 1,000 $ S 1,500 $ $ 2,000 $ $ 2,500 $ 3,000 $ b. Determine the break even level using the above table and use the bt 19.5 to confirm the break even level of output. Round your answers for the break even love to the nearest whole number Round your answers for the fixed costs. Variable costs, total costs, and profits (losses to the nearest dollar. Enter to i necessary Use a mirus sign to enter losses, if any Quantity Total Revenue Variable costs Fixed Costs Total Costs Profits (Losses) 5 c. What would happen to the total revenue schedule, the total cost schedule, and the break-even level of output if management determined that fixed costs would be $10,000 instead of $5,0007 Round your answer for the break even level of output to the nearest whole number If fixed costs were $10,000 instead of $5,000 the total revence schedule Select and the total cost schedule Select The new break even level of output is 5 5
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