Go to the textbook's OLC (www.mcgrawhill.ca/olc/jerome/) and work your way to the Student Edition. In the navigation bar, select "Chapter 5" in the dropdown box. In the list of resources for Chapter 5, select "Links in Textbook" and then click on the link named "Contribution Margin Chart". Use the chart to solve the following problem:
Ingrid processes and bottles jam in her home-based business. Her fixed costs are $250 per month and the variable cost per jar is $1.20. She sells the jam to local grocery stores for $3.20 each.
a) How many jars must she sell per year to break even?
b) What will be her profit if she sells 3000 jars in a year?

Question

Quizplus · Accepted Answer

The Answer of Go to the textbook's OLC (www.mcgrawhill.ca/olc/jerome/) and work your way to the Student Edition. In the navigation bar, select "Chapter 5" in the dropdown box. In the list of resources for Chapter 5, select "Links in Textbook" and then click on the link named "Contribution Margin Chart". Use the chart to solve the following problem:
Ingrid processes and bottles jam in her home-based business. Her fixed costs are $250 per month and the variable cost per jar is $1.20. She sells the jam to local grocery stores for $3.20 each.
a) How many jars must she sell per year to break even?
b) What will be her profit if she sells 3000 jars in a year?

Go to the Textbook's OLC (Www