If the selling price per unit is $ 31.00, the variable expense per unit is $ 21.25, and the breakeven sales in dollars is $ 31,000, what are total fixed expenses?
A.$ 1,000
B.$ 14,224
C.$ 103
D.$ 9,750
Answer |
option (D) is correct : $ 9,750 |
Explanation |
Break even sales = $31,000 |
Selling price per unit =$31 |
Break even sales units = 31,000/31 = 1,000 units |
Break even sales = fixed cost/ contribution margin per unit |
1,000 units = fixed cost/(31-21.25) |
Fixed cost = 1,000*$9.75 =$9,750 |
option (D) is correct : $ 9,750 |
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