A company sells one of the items in its product line for $8.90 each. The variable costs per unit is $3.90, and the associated fixed costs per week are $2,200. If the total revenue is $9,434 per week, then determine each of the following quantities: (1) The weekly level of output (n), that is the number of items produced and sold, is units. (2) The total variable costs (TVC) per week is $ (3) The net income (NI) per week is $ (4) The break-even volume (BE) per week is even volume is not an integer, round up to the next integer.) units. (Hint: If the break- (5) The break-even revenue (TRBE) per week, rounded to the nearest cent, is $
A company sells one of the items in its product line for $8.90 each. The variable costs per unit is $3.90, and the associated fixed costs per week are $2,200. If the total revenue is $9,434 per week, then determine each of the following quantities: (1) The weekly level of output (n), that is the number of items produced and sold, is units. (2) The total variable costs (TVC) per week is $ (3) The net income (NI) per week is $ (4) The break-even volume (BE) per week is even volume is not an integer, round up to the next integer.) units. (Hint: If the break- (5) The break-even revenue (TRBE) per week, rounded to the nearest cent, is $
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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