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CVP Analysis
sells hand-woven blankets for an average price of $30 per blanket. He buys the blankets from weavers at an average cost of $21. In addition, he has selling expenses of $3 per blanket. He rents the for $300 per month and pays one employee a fixed salary of $500 per month.
1.Determine the number of blankets to sell to break even. 2.Determine the number of blankets to sell to generate a profit of $1,000 per month. 3.Assumming that he can sell his own blankets at a total variable cost of $16 per blanket, but that he would need to hire one additional employee at a monthly salary of $600. A. Determine the number of blankets to sell to break even. B. Determine the number of blankets to sell to generate a profit of $1,000 per month. |
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