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Homework answers / question archive / Tim Taylor has written a self improvement book that has the following cost characteristics: Selling Price $16

Tim Taylor has written a self improvement book that has the following cost characteristics: Selling Price $16

Finance

Tim Taylor has written a self improvement book that has the following cost characteristics:

Selling Price $16.00 per book

Variable cost per unit:

Production $4.00

Selling & administrative 2.00

Fixed costs: 

Production $97,200 per year

Selling & administrative 20,400 per year

How many units must be sold to break-even?

Option 1

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2.96 USD

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Option 2

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