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Cost volume profit: lease equipment at a cost of $455, estimates having supplies of $5...?
Diane is considering the expansion of her picture framing camera business to include the printing of oversize pictures from CD's. She would need to lease equipment at a cost of $455 per month. To process the pictures, she estimates that she would have supplies espenses of $5 per picture. If she sells 42 pictures per month, what prices should she set each picture to break even?
Round your final answer properly to two decimal places.
2 Answers
- 7 years ago
The cost of the equipment spread over 42 pictures is $455/42 or $10.83 per picture. Supplies cost another $5 per picture. The total cost per picture is $15.83. This is how much needs to be charged to break even
- ?Lv 77 years ago
equipment=$455
supplies= $5 per picture
...$5 times 42 pictures= $210
total expected cost =455+210=665
665/42=15.83 pictures need to be sold
[or
in the real world
16 pictures] lol
