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173Acct510HomeworkBarneyCompany.docx
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Accounting questions
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<!DOCTYPE html PUBLIC "-//ABISOURCE//DTD XHTML plus AWML 2.2//EN" "http://www.abisource.com/2004/xhtml-awml/xhtml-awml.mod"><html xmlns="http://www.w3.org/1999/xhtml" xmlns:awml="http://www.abisource.com/2004/xhtml-awml/"> <head> <meta http-equiv="Content-Type" content="application/xhtml+xml; charset=UTF-8" /> <title> Abiword HTML Document </title> </head> <body> <div> <p> Exercise A </p> <p> Barney Company makes and sells stuffed animals. One product, Michael Bears, sells for $28 per bear. Michael Bears have fixed costs of $100,000 per month and a variable cost of $12 per bear. How many Michael Bears must be produced and sold each month to break even? Please show your work and explain. <a name="_GoBack"> </a> </p> <p> </p> <p> </p> <p> Exercise B </p> <p> What is meant by the term break-even point? </p> <p> What are two ways in which the break-even point can be expressed? </p> <p> What is the relevant range? </p> </div> </body> </html> ">
