Ford Tops manufactures hats for baseball teams. Ford has fixed costs of $323,000 per quarter and...
Ford Tops manufactures hats for baseball teams. Ford has fixed costs of $323,000 per quarter and sells each hat for $38. If the variable cost per hat is $19.00, how many hats must Ford sell each quarter to break even? (Do not round intermediate calculations.)
Homework Answers
Contribution margin=Sales-Variable cost
=38-19=$19 per hat
Breakeven=Fixed cost/Contribution margin
=323,000/19
=17000 hats.
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