At the Break-Even Point of 2,000 Units, Variable Costs Are

question 115

Multiple Choice

At the break-even point of 2,000 units, variable costs are $55,000, and fixed costs are $32,000. How much is the selling price per unit?

• A) $43.50
• B) $11.50
• C) $16.00
• D) $27.50

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Definitions:

Nth Partial Sum

The sum of the first n terms of a sequence, used to determine the cumulative value of a series up to a specified number of terms.

Geometric Sequence

An ordered list of numbers where, starting with the second term, each entry is the result of multiplying the one before it by a consistent, non-zero factor termed the common ratio.

Common Ratio

The constant factor between consecutive terms of a geometric sequence.

Fifteen Minute Intervals

Segments of time each lasting fifteen minutes, often used in scheduling or time management.