M Studios retails their own brand of camera that they manufacture in their plant for $500. The plant capacity is 1,000 units per month and variable costs are $225 per camera. Total fixed costs for the year are $2.16 million. Calculate the break-even point as a percentage of capacity.
A) 34.5%
B) 65.5%
C) 50%
D) 60%
E) 62.5%
Correct Answer:
Verified
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