Prouds Store Ltd manufactures wedding rings and has the following monthly costs: Staff wages $49,000, Rent $1,800, and Insurance $400. The average ring sells for $800, and the average materials cost is $100. The electricity and other variable costs to make one ring is $60.
How many rings per month would Exclusive Jewellers Ltd need to sell to break-even?
Select one:
a. 640
b. 160
c. 1,200
d. 180
e. 80
How much revenue per month would Prouds Store Ltd need to sell to make a monthly profit of $16,000?
Select one:
a. $64,000
b. $105
c. $67,200
d. $405
e. $84,000