You are presented with the following break-even chart of GHI Company. They havebudgeted sales of 75 000 units. You are required to use the chart to assist you inanswering the questions posed below.Break-even chart for GHI CompanyR(000s)3.6REQUIRED3.73.83202902503.9110Units (000s)5675(a)(b)Provide the correct graph labels represented by '(a)' and '(b)'.What is the value of the fixed costs of GHI Company?What is GHI Company's break-even revenue and units?How much profit would be made if GHI were to sell 75 000 units?3.10 Explain your understanding of fixed costs and variable costs. In your answeryou are required to provide a brief definition, an example of each and makeuse of a rough graph to illustrate your understanding of each.

The breakeven condition or point is reached where the total revenue is equal to the total cost of…

You are presented with the following break-even chart of GHI Company. They have budgeted sales of 75 000 units. You are required to use the chart to assist you in answering the questions posed below. Break-even chart for GHI Company

You are presented with the following break-even chart of GHI Company. They have budgeted sales of 75 000 units. You are required to use the chart to assist you in answering the questions posed below. Break-even chart for GHI Company

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

You are presented with the following break-even chart of GHI Company. They have
budgeted sales of 75 000 units. You are required to use the chart to assist you in
answering the questions posed below.
Break-even chart for GHI Company
R(000s)
3.6
REQUIRED
3.7
3.8
320
290
250
3.9
110
Units (000s)
56
75
(a)
(b)
Provide the correct graph labels represented by '(a)' and '(b)'.
What is the value of the fixed costs of GHI Company?
What is GHI Company's break-even revenue and units?
How much profit would be made if GHI were to sell 75 000 units?
3.10 Explain your understanding of fixed costs and variable costs. In your answer
you are required to provide a brief definition, an example of each and make
use of a rough graph to illustrate your understanding of each.

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