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What is the breakeven product volume

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Reference no: EM132488631

Skelly Company manufactures and sells custom necklaces; all of its profits are used to fund international missions' trips and projects. The average selling price of a necklace is $75. The average variable costs per necklace are $30.

Question 1: If Jewels4Missions has $350,000 in annual fixed costs, what is its breakeven product volume? What is its breakeven sales volume?

Question 2: CVP analysis is useful for "what if" analysis. How would the breakeven units change if variable costs decreased by 10% and fixed costs increased by 10%.

Reference no: EM132488631

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