RMG 301 Study Guide - Midterm Guide: Fixed Cost, Variable Cost, Fax

• School: Ryerson University
• Department: Retail Management
• Course: RMG 301
• Professor: Norman Shaw

Document Summary

The mid term will have questions similar to these. I shall provide an answer sheet in the next couple of days. My advice is that you try on your own and check your answer once you complete the question. Me: phone me (416-893-1980), email me or come to my office trs3-040. A new product is being considered that will require ,000 in fixed costs per year. Variable costs per unit are estimated to be . 72. The firm wants to break even if 8000 units are produced and sold per year. A new luxury soap is to be introduced to the market. Each bar of soap costs and is sold for . 50: what is the breakeven quantity, 1,200,000 bars of soap are sold. The break-even quantity for a certain kitchen appliance is. The selling price is per unit, and the variable cost is per unit. At the beginning of the year, the inventory of perfume is $