Problem Attached Wally's Interior Design sells curtainsThe selling price of a set of curtains is $1393 and the variable(flexible) costs per set of curtains is $406. The Total Fixed Cost for the store are $94069What is the breakeven point? (round to whole units, no decimals)

Answered: Wally's Interior Design sells…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Problem Attached

Wally's Interior Design sells curtainsThe selling price of a set of curtains is $1393 and the variable
(flexible) costs per set of curtains is $406. The Total Fixed Cost for the store are $94069
What is the breakeven point? (round to whole units, no decimals)

Expert Solution

Step 1

Meaning of Cost:

The term cost refers to the situation under which a firm occurs various expenses during the process of production, these expenses are the cost of raw materials, cost of machinery, cost of workers, the cost of packaging, and cost of transportation.

Thus the above process is known as the cost for a firm.

Step 2

Given:

The selling price of a set of curtains is = $1,393

The variable cost of curtains is = $406

The fixed cost for the store are = $94,069

To Find:

The breakeven point:

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