A Pet Food Company Needs to Calculate How Much to Charge

question 34

Short Answer

A pet food company needs to calculate how much to charge for a bag of rabbit food that costs $10 to produce.The fixed costs involved in production are $15,000.They want to start making a profit after they have sold 4,000 bags of rabbit food.What is the least amount they can charge to make this goal?

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Definitions:

Short-term Debt

Borrowings that are due for repayment within one year.

Common Size Analysis

A financial analysis technique that converts each line item of financial statements into a percentage of a base figure for easy comparison.

Base Amount

A reference amount from which adjustments are made, often used in calculations for taxes, benefits, or financial analysis.

Horizontal Analysis

A financial analysis technique that compares line items in the financial statements over a period of time to identify trends and changes.