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Two alternatives are being considered for a customer's order whose anticipated volume is not yet known. If the firm produces in-house, the fixed cost is $340,000 and variable cost is $2.90 per unit. If the firm chooses to outsource, it will incur a fixed cost of $275,000 and variable cost of $3.50 per unit. Determine the break-even quantity and a decision rule of when to outsource.
Money Owed
A sum of money that one party is legally obligated to pay to another, typically as a result of a loan or credit agreement.
Unliquidated Debt
A debt for which the exact monetary value has not been determined.
Consideration
Something of value exchanged between parties in a contract, required for the agreement to be legally binding.
Liquidated Debt
A debt for which the amount owed is known and agreed upon by both parties.
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