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Tee times inc produces and sells the finest quality golf

Question - Tee Times, Inc. produces and sells the finest quality golf clubs in all of Clay County. The company expects the following revenues and costs in 2009 for its Elite Quality golf club sets:

Revenues (400 sets sold @ $600 per set) $240,000

Varaiable costs $160,000

Fixed costs $50,000

How many sets of clubs must be sold for Tee Times, Inc. to reach their breakeven point?

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Accounting Basics: Tee times inc produces and sells the finest quality golf

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Accounting Basics: Tee times inc produces and sells the finest quality golf

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