Heister Corporation produces class rings to sell to college and high school students.These rings sell for $75 each,and cost $35 each to produce.Heister has fixed costs of $50,000.
A)Calculate Heister's break-even point.
B)How much profit (loss)will Heister have if it sells 1,000 rings? 8,000 rings?
C)Heister's president,J.R.D'Angelo,expects an annual profit of $100,000.How many rings must be sold to attain this profit?

Question

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The Answer of Heister Corporation produces class rings to sell to college and high school students.These rings sell for $75 each,and cost $35 each to produce.Heister has fixed costs of $50,000.
A)Calculate Heister's break-even point.
B)How much profit (loss)will Heister have if it sells 1,000 rings? 8,000 rings?
C)Heister's president,J.R.D'Angelo,expects an annual profit of $100,000.How many rings must be sold to attain this profit?

Heister Corporation Produces Class Rings to Sell to College and High