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How many rings per month would exclusive jewellers ltd need

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Reference no: EM132787229

Exclusive Jewellers Ltd manufactures wedding rings has the following monthly costs:

Staff wages $49,000
Rent $1,800
Insurance $400
The average ring sells for $800
The average materials cost is $100
Electricity and other variable cost to make one ring is $60.

Problem 1: How many rings per month would Exclusive Jewellers Ltd need to sell to break-even?

Select one:

a. 640

b. 80

c. 180

d. 1,200

e. 160

Problem 2: How much revenue per month would Exclusive Jewellers Ltd need sell to make a monthly profit of $16,000?

Select one:

a. $64,000

b. $84,000

c. $67,200

d. $105

e. $405

Reference no: EM132787229

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