Steven Company has fixed costs of $160,000.The unit selling price,variable cost per unit,and contribution margin per unit for the company's two products are provided below.
The sales mix for product X and Y is 60% and 40%,respectively.Determine the break-even point in units of X and Y.
Definitions:
Marginal Cost
The financial impact of producing an extra unit of a product or service.
Perfectly Competitive Firms
Firms that operate in a market where no single buyer or seller has the power to influence the price of the product, and where the product offered is homogeneous, with many sellers and buyers.
AVC
Average Variable Cost; the total variable costs (costs that change with the level of output) divided by the quantity of output produced.
Minimize Losses
A strategy or approach aimed at reducing the amount of money or resources that are being lost or wasted.
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