Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed...
Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $ 450.00 and its variable cost to be $ 0.55 per unit. Selling price is expected to average $ 0.65 per unit. a) For Smithson Cutting, the break-even point in units = nothing units (enter your response as a whole number).
Homework Answers
Total Cost = Fixed cost + no. units * variable cost
= 450 + X * 0.55
Revenue = no. of units * Selling price
= X * 0.65
Break even condition:
Revenue = total cost
0.65X = 450 + 0.55X
X = 4500
hence break even point in units = 4500
Add Answer to:
Smithson Cutting is opening a new line of scissors for
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nw score: 14.29%, 1 of 7 pts Next Question Problem S7.16 - Bookmatch Question Help Smithson Cutting is opening a new line of scissors for supermarket distribution. It estimates its fixed cost to be $500.00 and its variable cost to be $0.50 per unit. Selling price is expected to average $0.75 per unit. a) For Smithson Cutting, the break even point in units-units (enter your response as a whole number).
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