Course:Engineering Management.Solution needed for iv & v. The owner of old -Fashioned Berry Pies, S. Simon, is contemplating adding a new line of pies,which will require leasing new equipment for a monthly payment of $5500. variable cost per piewould be $3 and pies would retail for $8 each.1) Write down the cost, revenue and profit function.ii) How many pies must be sold in order to break even?i11) What would be the profit if 900 pies are made and sold in a month?iv) How many pies must be sold to realize a profit of $3500?v) If 2000 pies can be sold and profit target is $5500, what price should be charged per pie/

Profit is the amount that is left after deducting all the costs incurred.

The owner of old -Fashioned Berry Pies, S. Simon, is contemplating adding a new line of pies, which will require leasing new equipment for a monthly payment of $5500. variable cost per pie would be $3 and pies would retail for $8 each. i) Write down the cost, revenue and profit function. i1) How many pies must be sold in order to break even? 111) What would be the profit if 900 pies are made and sold in a month? iv) How many pies must be sold to realize a profit of $3500? v) If 2000 pies can be sold and profit target is $5500, what price should be charged per pie/

The owner of old -Fashioned Berry Pies, S. Simon, is contemplating adding a new line of pies, which will require leasing new equipment for a monthly payment of $5500. variable cost per pie would be $3 and pies would retail for $8 each. i) Write down the cost, revenue and profit function. i1) How many pies must be sold in order to break even? 111) What would be the profit if 900 pies are made and sold in a month? iv) How many pies must be sold to realize a profit of $3500? v) If 2000 pies can be sold and profit target is $5500, what price should be charged per pie/

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 6PB: Karens Quilts is considering the purchase of a new Long-arm Quilt Machine that will cost $17,500 and...

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