He cost for producing a certain product is $37 each. the fixed costs are $70,000. the selling price for each product is $72. 1. what is the revenue function? a. r(x) = 37x – 70,000 b. r(x) = 37x c. r(x) = 72x + 70,000 d. r(x) = 72x – 70,000 e. r(x) = 72x 2. what is the profit function? a. p(x) = 72x – 70,000 b. p(x) = 35x – 70,000 c. p(x) = 37x + 70,000 d. p(x) = 35x + 70,000 e. p(x) = 72x + 70,000 . 3. what is the break-even quantity? a. 2,500 b. 4,800 c. 1,846 d. 2,000 e. 4,500 4. what is the break-even point

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?