Chicago wants to do break-even analysis of paint

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Reference no: EM132290280

Bob’s paint shop of Chicago wants to do a break-even analysis of paint. Last year 16,225 cans of paint

Were produced and sold. The selling price is $24.75 per can of paint and the variable cost is $19.50 per ‘can of paint, and the fixed cost is $75,575. What is the break-even quantity for this product?

Show all work, guesses do not count. Go to two decimal places in all calculations.

a. What is the selling price (p) of one can of paint? ______________________ (go to two decimal places), place answer on this line, show your work below. I want a number here, not a word.

b. What is the variable cost of one can of paint? ______________________ (go to two decimal places), place answer on this line, show your work below. I want a number here not a word.

c. What is the break-even quantity for this product? _______________________ (go to two decimal places), place answer on this line, show your work below. I want a number here, not a word.

Reference no: EM132290280

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