If the Product Price Is $100, Average Variable Cost $40

question 71

Multiple Choice

If the product price is $100, average variable cost $40 per unit, and the total fixed costs are $120,000, what is the breakeven point?

• A) 500 units
• B) 2,000 units
• C) 1,200 units
• D) 300 units
• E) 3,000 units

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Definitions:

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A group of appointed or elected members who oversee the activities of a public or governmental organization.

Protocols

Established sets of rules and procedures for conducting scientific experiments, medical treatments, or communications between devices in a network.

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The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

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A standardized set of guidelines that are used to identify and classify diseases and disorders.