Multiple Choice
Determine the fixed cost of a pencil manufacturing company per year if its breakeven point is 300,000 packets of pencils, selling price of each packet of pencil is $3, and the cost of equipment and labor to manufacture one packet of pencil is $1.
A) $300,000
B) $400,000
C) $500,000
D) $600,000
Correct Answer:
Verified
Correct Answer:
Verified
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