Find the total revenue at break even point

Assignment Help Basic Statistics

Reference no: EM13125250

Farris Billiard supply sells all types of billiard's equipment, and is considering manufacturing their own brand of pool cues. Misty Farris, the production manager is currently investing the production of a standard house pool cue that should be very popular. Upon analyzing the cost, Misty determines that the materials and labor costs for each cue is 25 dollars, and the fixed cost that must be covered is 2400 dollars per week. With a selling price of 40 dollars each, how many pool cues must be sold to break even? What would the total revenue be at this break even point?

Reference no: EM13125250

Questions Cloud

How much heat (kj) is needed : Ethanol (C2H5OH) melts at -114 °C. The enthalpy of fusion is 5.02 kJ/mol. The specific heats of solid and liquid ethanol are 0.97 J/g-K and 2.3 J/g-K, respectively.

Create the 5-step hypothesis test for particular claim : Develop the 5-Step Hypothesis Test for a particular claim related to your work or life environment. (This should be a test of one-sample mean or one-sample proportion.

Computing rate and activation energy of diffusion : Calculating Rate and Activation Energy of Diffusion, a) How do I calculate the time that will it take for 0.001 moles of CO2 to leak from a container at steady-state, assuming that the amount of CO in the surroundings is insignificant?

What is the br- concentration : When 9 mL of a solution containing 2.5 M AlBr3 is diluted to 30 mL, a dilute solution is formed. What is the Br- concentration in 15 mL of the dilute solution?

Find the total revenue at break even point : With a selling price of 40 dollars each, how many pool cues must be sold to break even? What would the total revenue be at this break even point?

Elimination of a consolidation worksheet : Why do intercompany balances exist within the financial records of the separate companies? How are these reciprocals eliminated on a consolidation worksheet?

Open interval and half-open interval : Prove that there is a bijection from the open interval (0, 1) to the half-open interval (0, 1].

Compute the standard price per pound for materials : During the past month, the company purchased 6,000 pounds of direct materials at a cost of $16,500. All of this material was used in the production of 1,400 units of product. Direct labor cost totaled $28,500 for the month.

Question about outer measure : Let m'(A) = inf sum of |M_i| where i is from 1 to infinity, such that A is a subset of M_i. M_i's are disjoint.

User Account

All Pages