A company has a break-even point of 1,000 units, and sold 750 units. Did the company cover its expenses?
A) no, it sold 75% of the amount required to cover expenses
B) no, it needs to sell 250 more units to cover expenses
C) no, it needs to sell 500 more units to cover expenses
D) yes, because the sales equal $1,000
B
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The debits to Work in Process--Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 7,500 Conversion costs, 3,000 units, 80% completed 6,000 Materials added during April, 10,000 units 29,000 Conversion costs during April 35,000 Goods finished during April, 11,500 units --- April 30 work in process, 1,500
units, 60% completed --- All direct materials are placed in process at the beginning of the process and the average cost method is used to cost inventories. The conversion cost per equivalent unit (to the nearest cent) for April is: A) $2.70 B) $2.53 C) $3.31 D) $5.60