[See Steps] Farris Billiard Supply sells all types of billiard equipment and is considering manufacturing their own brand of pool cues. Mysti Farris, the production
Question: Farris Billiard Supply sells all types of billiard equipment and is considering manufacturing their own brand of pool cues. Mysti Farris, the production manager, is currently investigating the production of a specialize pool cue that should be very popular. Upon analyzing the costs, Mysti determines that the materials and labor cost for each cue is $50 and the fixed cost that must be covered is $2400 per week.
- With an expected selling price of $80 each, how many pool cues must be sold to breakeven?
- What is the total revenue at that point?
- What would the profit (or loss) be if they sold 100 per week?
- What would the selling price have to be to make the BEP 60?
Deliverable: Word Document 