FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

Riz compaany sold gum for $10 per pack. Variable costs were 40% of selling price, fixed costs totaled $36,000. Profit $6000. What is break-even point?

a. $70000

b. $60,000

$90,000

$105000

Expert Solution
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Variable Cost - The total cost of production of a good comprises of the total fixed cost of production and the total variable cost of production. The total variable cost of production refers to the production cost that changes with the change in the units of the product produced. 

 

 

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