Selling price is appropriately set


Mysti determines that the materials and labor cost for each cue is $25, and fixed cost that should be covered is $2400 per week. With a selling price of $40 each. How many pool cues should be sold to break even? What would the total revenue be at this break-even point. F=2400, s=40, v=25 BEP=$2400/(40-25)=160 R=40(160)=$6400 1-21 Mysti Farris (see Problem 1-19) thinks that there is high probability that 120 pool cues can be sold if the selling price is appropriately set. What selling price would cause break-even point to be 120?

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Basic Statistics: Selling price is appropriately set
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