Excom Fiberoptics Is Bidding on Contracts to Sell Micro Test

Multiple Choice

Excom Fiberoptics is bidding on contracts to sell micro test tubes for biotechnology research. in sets of 1,000 tubes. Fixed costs including depreciation associated with the project are $2,000,000, variable cost per set is $16. Excom expects to sell 250,000 sets. What is the minimum price it can charge and reach the accounting break-even point?

A) $8
B) $12
C) $24
D) $20