contestada

Haven baskets manufacturers 83,575 woven baskets a year. determine the minimum sales price Haven baskets must sell each basket for to break even, if the total annual fixed costs are $817,363.50 and the variable cost per basket is $12.17.
$21.95
$24.50
$29.65
$31.25​

Respuesta :

jcherry99

Answer:

Step-by-step explanation:

Givens

Number of baskets sold = 83575

sale price of each = x

Fixed Cost of producing these baskets = 817363.50

Variable cost whis is part of the production of each basket = 12.17

Break Even means the costs = income.

Equation

83575*x = 12.17*83575 + 817363.50       Combine the multiplied facts

Solution

83575x = 1017107.75 + 817363.50          Combine addition on right

83575x = 1834471.25                               Divide by 83575

x = 1834471.25/83575

Answer: x = 21.95

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