Palmer's Gourmet Chocolates Produces and Sells Assorted Boxed Chocolates

question 40

Multiple Choice

Palmer's Gourmet Chocolates produces and sells assorted boxed chocolates. The unit selling price is $60, unit variable costs are $15, and total fixed costs are $3600. What are breakeven sales in dollars?

• A)$4800
• B)$1
• C)$80
• D)$3600

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Definitions:

Work In Process

Inventory or products that are in the production process but are not yet completed, representing a stage between raw materials and finished goods.

Just-In-Time (JIT) Scheduling

Minimises inventory by routing materials to workstations ‘just in time’ to be used.

Timely Basis

Performing or completing tasks within an appropriate or specified period to achieve desired outcomes.

Workstation

A specific area equipped with the necessary tools and technology for an individual to perform their job tasks.