Need answer do fast and correct for this accounting question Watson's Fish Company buys whole salmon from various fishermen is at $4 perpound and sells the fish to restaurants for $7 per pound. Its fixed costsare $32,130 per month. How many pounds must be sold to break even, and howmany pounds must be sold to earn a profit of $16,020 per month?

Step 1:- Introduction to the Cost-Volume-Profit AnalysisThe cost-volume-profit (CVP) analysis, also…

Answered: Watson's Fish Company buys whole salmon…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Watson's Fish Company buys whole salmon from various fishermen is at $4 per pound and sells the fish to restaurants for $7 per pound. Its fixed costs are $32,130 per month. How many pounds must be sold to break even, and how many pounds must be sold to earn a profit of $16,020 per month?