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N76 [4]
3 years ago
5

Harmony Company sells hand-knit scarves. Each scarf sells for $40. The company pays $60 to rent vending space for one day. The v

ariable costs are $15 per scarf. How many scarves should the company sell each day in order to break even? (Round to nearest whole scarf)
a) 2 scarves
b) 3 scarves
c) 20 scarves
d) 4 scarves
Business
1 answer:
Nataly_w [17]3 years ago
8 0

Answer:

B) 3 scarves

Explanation:

total fixed costs per day = $60 (rent)

selling price per scarf = $40

variable cost per scarf = $15

contribution margin = selling price per unit - variable cost per unit = $40 - $15 = $25

break even formula in units = total fixed costs / contribution margin = $60 / $25 = 2.4 units, since you can only sell complete units, the break even amount is 3 scarves.

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Answer:

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Explanation:

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<h3>What is one initiative that could be planned and implemented to achieve this goal?</h3>

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