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The Oliver Company Plans to Market a New Product

Question 34

Multiple Choice

The Oliver company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 5,500 units in 2005. The selling price will be $3 per unit. Variable costs are estimated to be 10% of total revenue. Fixed costs are estimated to be $10,800 for 2005. How many units should the company sell to break even?


A) The Oliver company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 5,500 units in 2005. The selling price will be $3 per unit. Variable costs are estimated to be 10% of total revenue. Fixed costs are estimated to be $10,800 for 2005. How many units should the company sell to break even? A) units B) units C) units D) units E) units units
B) The Oliver company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 5,500 units in 2005. The selling price will be $3 per unit. Variable costs are estimated to be 10% of total revenue. Fixed costs are estimated to be $10,800 for 2005. How many units should the company sell to break even? A) units B) units C) units D) units E) units units
C) The Oliver company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 5,500 units in 2005. The selling price will be $3 per unit. Variable costs are estimated to be 10% of total revenue. Fixed costs are estimated to be $10,800 for 2005. How many units should the company sell to break even? A) units B) units C) units D) units E) units units
D) The Oliver company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 5,500 units in 2005. The selling price will be $3 per unit. Variable costs are estimated to be 10% of total revenue. Fixed costs are estimated to be $10,800 for 2005. How many units should the company sell to break even? A) units B) units C) units D) units E) units units
E) The Oliver company plans to market a new product. Based on its market studies, Oliver estimates that it can sell up to 5,500 units in 2005. The selling price will be $3 per unit. Variable costs are estimated to be 10% of total revenue. Fixed costs are estimated to be $10,800 for 2005. How many units should the company sell to break even? A) units B) units C) units D) units E) units units

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