If the Unit Sales Price Is $12,variable Costs Are $6

question 71

Multiple Choice

If the unit sales price is $12,variable costs are $6 per unit,and fixed costs are $36,000,what sales volume (in dollars) is necessary to break-even?

• A)$90,000
• B)$72,000
• C)$70,000
• D)$60,000

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Definitions:

Standard Error

A statistical measure that quantifies the extent to which a sample statistic varies from the actual population parameter.

Population Parameter

A numerical characteristic or measure that describes an aspect of a population, such as its mean or variance.

Sampling Distribution

The distribution of probabilities for a certain statistic, obtained from a random sample.

Sample Statistic

A numerical measure that describes an aspect of a sample of a population.