We have been asked to analyze our denim jeans line by price (from $24.99 to $36.99 by $1.00) and quantity (from 10,000to 28,000 by 2,000).Fixed Cost = $85,470Material cost per pair = $7.44Electricity cost per pair = $0.61 Labor cost per pair = $14.88If we price the jeans at $29.99, how many pairs of jeans must we sell to have profits above $100,000?18,00022,00026,00028,000

In this question first we will calculate the pairs of jeans that will be required to be sold at $…

Answered: We have been asked to analyze our denim…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and cost $328 per unit in variable costs to make. Fixed costs total $120,000. If 5,000 units are produced and sold, what does the income equal?
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