Break-Even AnalysisAny manufacturing company has costs which include fixed costs such as plant overhead, product design, setup, and promotion; and variable costs that depend on the number of items produced. The revenue is the amount of money received from the sale of its product. The company breaks even if the revenue is equal to the cost. QUESTION IS ATTACHED TO THE IMAGE BELOW THANKS! A small plant manufacturing riding mowers. The plant has fixed costs (leases,insurance, etc.) of $48,182 per day and variable costs (labor, materials, etc.) of $1,333per mower produced. The mowers are sold for $1,852 each. The resulting cost andrevenue equations arey = 48,182 + 1,333 xCost equationy = 1,852 xRevenue equationwhere x is the total number of mowers produced and sold each day. The daily costsand revenue are in dollars.How many mowers must be manufactured and sold each day for the company tobreak even?mowers. Round to the nearest mower.

Answered: Image /qna-images/answer/1afbc9a0-d676-4600-a302-b87f4bb0d7bd.jpg

Answered: A small plant manufacturing riding…

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter12: Algebra Of Matrices

Section12.CR: Review Problem Set

Problem 37CR

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Break-Even Analysis

Any manufacturing company has costs which include fixed costs such as plant overhead, product design, setup, and promotion; and variable costs that depend on the number of items produced. The revenue is the amount of money received from the sale of its product. The company breaks even if the revenue is equal to the cost.

QUESTION IS ATTACHED TO THE IMAGE BELOW THANKS!