Street Company's Fixed Costs Total $150,000,its Variable Cost Ratio Is

question 27

Multiple Choice

Street Company's fixed costs total $150,000,its variable cost ratio is 60% and its variable costs are $4.50 per unit.Based on this information,the break-even point in units is:

• A)50,000.
• B)37,500.
• C)33,333.
• D)100,000.

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Definitions:

Exponential Expression

An expression that involves an exponent, indicating how many times the base is multiplied by itself.

Exponential Expression

A mathematical phrase where numbers or variables are raised to a power or exponent.

Associative Property

A mathematical rule stating that the way in which numbers are grouped in operations does not change their result.

Multiplication

A mathematical operation where a number is added to itself a certain number of times.