To produce an item, a manufacturer will incur the following costs: $115 for labor, $76 for the material, variable cost of $23 for each, and overhead cost of $379,052. If the unit price of the finished product is $600, how many units must be manufactured to break even, that is the cost is equal to the revenue? a) 1053 b) 982 c) 2150 d) 780

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter9: Surfaces And Solids
Section9.1: Prisms, Area And Volume
Problem 13E: Generalize the results found in Exercise 11 and 12 by answering each of the following questions....
icon
Related questions
Question

To produce an item, a manufacturer will incur the following costs: $115 for labor, $76 for the material, variable cost of $23 for each, and overhead cost of $379,052. If the unit price of the finished product is $600, how many units must be manufactured to break even, that is the cost is equal to the revenue?

a) 1053

b) 982

c) 2150

d) 780

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
Recommended textbooks for you
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Elementary Geometry for College Students
Elementary Geometry for College Students
Geometry
ISBN:
9781285195698
Author:
Daniel C. Alexander, Geralyn M. Koeberlein
Publisher:
Cengage Learning
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell