Ask Question
25 April, 20:17

The Junior League of Yadkinville, California, collected recipes from members and pub - lished a cookbook entitled Food for Everyone. The book will sell for $18 per copy. The chairwoman of the cookbook development committee estimated that the club needed to sell 2,000 books to break even on its $4,000 investment. What is the variable cost per unit assumed in the Junior League's analysis?

+5
Answers (1)
  1. 25 April, 23:45
    0
    Answer:The variable cost per book is $16

    Explanation:

    Sale price per book = $18

    Books need to sell = 2,000

    Total Revenue. = $36,000

    ($18*2,000)

    At Break Even Total Revenue = Cost + investment so total variable cost is ($36,000 - $4,000) = $32,000 and cost per book is $32,000:2,000 = $16 per book
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The Junior League of Yadkinville, California, collected recipes from members and pub - lished a cookbook entitled Food for Everyone. The ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers