Lee Company Manufactures and Sells Widgets for $2 Per Unit

question 54

Multiple Choice

Lee Company manufactures and sells widgets for $2 per unit.Its variable cost per unit is $1.70.Lee's total fixed costs are $10,500.How many widgets must Lee Company sell to break even?

• A) 5,250
• B) 6,176
• C) 35,000
• D) 52,500
• E) 61,760

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Definitions:

Immediate Protection

Measures taken to safeguard people, property, or information from threats or harm without delay.

Creditors

Parties or institutions to whom money is owed.

External Forces

Factors outside the control of an organization that can impact its performance, including economic trends, regulation, or technological changes.

Long-term Strategies

Approaches or plans developed to achieve goals and objectives over an extended period, focusing on sustainable growth and development.