Solution-Determine the breakeven quantity of bags

Determine the breakeven quantity of bags

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Reference no: EM133128664

You are serving as the chair for your community's annual wellness campaign. A key event is the annual Walk 3k, Run 10k, Ride 20k event. The event is staged entirely by volunteers and the goal is to attract community wide awareness of getting active as a key step to wellness. In other words, the goal is not to raise money, but to prompt awareness. As the chair you set a financial goal to breakeven on the one and only cost of the event, a fitness bag with the community seal and the event moto, "I AM ON THE RIGHT TRACK!

The cost of the bags, which must be ordered in batches of 100, are:

Bags	Fixed Cost	Variable Cost	Total Cost	Average Variable Cost	Marginal Cost	Total Revenue wt Price $15	Marginal Revenue
0	1700	0	1700
100	1700	500	2200
200	1700	1200	2900
300	1700	2700	4400
400	1700	5200	6900
500	1700	9000	10700
600	1700	15000	16700
700	1700	23800	25500
800	1700	36800	38500
900	1700	55800	57500
1000	1700	83000	84700

Complete the table. If this was a profit-making activity, at the entry fee of $15, what would be the profit maximizing quantity of bags.
You will charge an entry fee of $15 per participant. Determine the breakeven quantity of bags.

Reference no: EM133128664

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Determine the breakeven quantity of bags

Reference no: EM133128664

Reference no: EM133128664

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