Question 1 of 8 10.0
Points
If Gina sells 20 shirts, her total revenue will be
_________.
A.200
B.150
C.250
D.300
Question 2 of 8 10.0
Points
If Gina sells 20 shirts, her total variable cost will be
_________.
A.140
B.180
C.160
D.120
Question 3 of 8 20.0
Points
Based on the above information, Gina must sell 50 shirts to break even. (Hint: Please enter
a single number only and round it to an integer if necessary. No decimal
points.)
Question 4 of 8 10.0
Points
Based on the calculation in the previous question, Gina’s
total revenue at the breakeven point of output is 750 . (Hint: Please enter a single number
only and round it to an integer if necessary. No decimal points.)
Part 2 of 2 – Part 2 50.0
Points
This part of the question is based on the following
information.
Farris Billiard Supply sells all types of billiard
equipment, and is considering manufacturing their own brand of pool cues. Mysti
Farris, the production manager, is currently investigating the production of a
standard house pool cue that should be very popular. Upon analyzing the costs,
Mysti determines that the materials and labor cost for each cue is $25, and the
fixed cost that must be covered is $2,400 per week.
Question 5 of 8 10.0
Points
If Mysti sells 20 units at a price of $40 each, her total
revenue will be _________.
A.200
B.100
C.400
D.800
Question 6 of 8 10.0
Points
If Mysti sells 20 cues, her total variable cost will be
_________.
A.2000
B.1000
C.500
D.1500
Question 7 of 8 20.0
Points
Based on the above information, Mysti must sell 160 units to break even. (Hint: Please enter
a single number only and round it to an integer if necessary. No decimal
points.)
Question 8 of 8 10.0 Points
Based on the calculation in the previous question, Mysti’s
total revenue at the breakeven point of output is 6400 . (Hint: Please enter a single number
only and round it to an integer if necessary. No decimal points.)
