The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 Dollars ($) 8000+ 7000 6000 5000 4000 3000 2000 1000 -10 -1000+ 10 20 30 (a) What is the break-even point? e.g. (295,7650) (b) What are the fixed costs? $ TR 40 50 60 70 80 90 Units Percent of capacity= TC If the selling price per unit is $100, and the variable cost per unit is $20: FC 100 enter the answer in the form (x,y) (c) If the maximum production capacity of the commodity is 100, express the break-even units as a percent of capacity? % (round to two decimal places if necessary)
The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 Dollars ($) 8000+ 7000 6000 5000 4000 3000 2000 1000 -10 -1000+ 10 20 30 (a) What is the break-even point? e.g. (295,7650) (b) What are the fixed costs? $ TR 40 50 60 70 80 90 Units Percent of capacity= TC If the selling price per unit is $100, and the variable cost per unit is $20: FC 100 enter the answer in the form (x,y) (c) If the maximum production capacity of the commodity is 100, express the break-even units as a percent of capacity? % (round to two decimal places if necessary)
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter10: Forecasting Financial Statement
Section: Chapter Questions
Problem 12PC
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