Jona is selling handmade specialty shirts at county fairs and farmer’s markets. The variable cost for...
Jona is selling handmade specialty shirts at county fairs and farmer’s markets. The variable cost for each shirt is $13, and he sells them for $74. The cost to rent a booth at both the county fair and the farmer’s market is $205.
Q1: How many shirts must Jona sell to break even?
Q2: If Jona’s variable cost changes to $70 per unit, what would his
break-even point be?
Homework Answers
FORMULA:
BEQ = FIXED COST / PRICE PER UNIT - VARIABLE COST
FIXED COST = 205
VARIABLE COST = 13
PRICE PER UNIT = 74
BREAK EVEN UNITS = 205 / (74 - 13) = 3.36
Or 3 or 4 units depending on how we round off the calculation.
2. FIXED COST = 205
VARIABLE COST = 70
PRICE PER UNIT = 74
BREAK EVEN UNITS = 205 / (74 - 70) = 51.25
Or either 51 or 52 units.
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