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Question:

Mix Sweet Shop bakes and sells pies. Mix has annual fixed costs of $880,000 and a variable cost per pie of $7.50. Each pie sells for $15.50 each. The firm expects to sell 500,000 pies annually.

Required:

Question: What is the break-even point in pies?

Select one:

a. 190,440

b. 110,000

c. 200,000

d. 280,000

Note: Please show how you came up with the solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162123

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