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Question
Tim Marlow, the owner of The Clock Works, wanted to know how many clocks he must sell in order to cover his fixed cost at a given price. Tim knew that he had total fixed costs of $20,000 for equipment, taxes, and a bank loan. He also had a unit variable cost of $20 per clock for labor and materials. If the price Tim charges for each of his clocks is $40, what is his break-even point quantity?
A. 100 clocks
B. 334 clocks
C. 500 clocks
D. 1,000 clocks
E. 10,000 clocks
Answer
This answer is hidden. It contains 93 characters.
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