A Company's Product Sells for $240 Per Unit

question 97

Multiple Choice

A company's product sells for $240 per unit. Variable cost is $210 per unit. Fixed costs run at $141,000 per month. How many dollars of sale revenue are required to break even?

• A) $1,290,000
• B) $1,128,000
• C) $956,000
• D) $1,050,000

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Definitions:

Equitable Distribution

a principle aiming for a fair allocation of resources, wealth, or income among members of a society.

Efficient

Refers to the optimal use of resources to achieve the desired ends with minimal waste or effort.

Income

The amount of money received by an individual or entity in exchange for labor or through investments over a certain period.

Efficient Use

The utilization of resources in a manner that maximizes the production of goods and services.