Excom Fiberoptics is bidding on contracts to sell micro test tubes for biotechnology research in sets of 1,000 tubes. Fixed costs including depreciation associated with the project are $2,000,000, variable cost per set is $16
Excom expects to sell 250,000 sets. What is the minimum price it can charge and reach the accounting break-even point?
A) $8
B) $12
C) $24
D) $20
Answer: C
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