Ch. 7 Q5 A book publisher has fixed costs of $300,000 and variable costs per book of $8.00. The book sells for $23.00 per copy.a. How many books must be sold to break even? (Roundup your answer to the next whole number.)Books to be soldb. If the fixed cost Increased, would the new break-even point be higher or lower?O HigherO LowerO It would remain the sameO There Is Insufficient Information to answer this questionc. If the variable cost per unit decreased, would the new break-even point be higher or lower?O HigherO LowerO It would remain the sameO There Is Insufficient Information to answer this questionHaJ< PrevL'C5 of 9 ⠀⠀lyr1.

Fixed Cost (FC) = $ 300,000 Variable Cost (VC) = $ 8.00 Selling Price (SP) = $ 23.00

Answered: a. How many books must be sold to break…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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a. How many books must be sold to break even? (Roundup your answer to the next Books to be sold b. If the fixed cost Increased, would the new break-even point be higher or lower?