Problem 4 is worth 20 points

4. Dave Careys paint shop of Fort Wayne wants to do a break-even analysis of paint. Last year 18,225 cans of paint were produced and sold. The selling price is $26.75 per can of paint and the variable cost is $18.50 per

can of paint, and the fixed cost is $73,575. What is the break-even quantity for this product?

Show all work, guesses do not count. Go to two decimal places in all calculations.

4a. What is the selling price (p) of one can of paint? ______________________ 4 pts answer (go to two decimal places), place answer on this line, show your work below. I want a number here, not a word. (This is not a trick question)

4b. What is the variable cost of one can of paint? ______________________ 4 pts answer (go to two decimal places), place answer on this line, show your work below. I want a number here not a word. (This is not a trick question)

4c. What is the break-even quantity for this product? _______________________12 pts answer (go to two decimal places), place answer on this line, show your work below. I want a number here, not a word.