Given the following data: Selling price per unit$2.00Variable production cost per unit$0.30Fixed production cost$3,000Sales commission per unit$0.20Fixed selling expenses$1,500The break-even point in dollars is: (Round your intermediate calculations to 2 decimal places.)
A. $4,000
B. $6,000
C. $2,647
D. $4,500
Answer: B
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What dimension of personality is the tendency to engage in behaviors that might have positive or negative outcomes.
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Colin was a professional classical guitarist until a motorcycle accident left him disabled
After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $900, and the fixed monthly operating costs are as follows: Rent and utilities $700 Wages and benefits to luthier 2,000 Other expenses 475 Colin's accountant told him about contribution margin ratios, and Colin understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and anything above that point was profit. What is the amount of revenue Colin should earn each month to break even? (Round your answer to the nearest dollar.) A) $7,938 B) $5,292 C) $4,500 D) $4,125
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What will be an ideal response?