In Keegan Corporation's most recent fiscal year, the company reported pretax earnings of $232,000. Fixed costs...
In Keegan Corporation's most recent fiscal year, the company reported pretax earnings of $232,000. Fixed costs totaled $524,300, the unit selling price of the firm's only product was $70, and the variable costs per unit were 30% of the selling price. Based on this information, the firm's break-even point in units was:
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24,967 units.
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15,436 units.
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25,441 units.
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10,700 units.
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10,400 units.
Homework Answers
Break even point = Fixed Cost/ (SP-VC)
= 524300/(70-70*30%)
= 10700 units
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