A firm expects to sell 25,400 units of its product at $14 per unit. Income is predicted to be $60,400. If the variable costs per unit are $7, total fixed cost must be?

If breakeven point is 1,100 units, each unit sells for $32, and fixed costs are $20,000, then on a graph the: > Total cost line will be zero at zero units sold > Total revenue line and the total cost line will intersect at $35,200 of revenue > Revenue line will start at $20,000 > Total revenue line and the total cost line will intersect at $55,200 of revenue