A firm manufactures a product that sells for $11 per unit. Variable cost per unit is $6 and fixed cost per period is $820 . Capacity per period is 366 units. (Do not include the $ signs in your answers.) (Do not include the \% signs in your answers.) (a) Find the equation for the revenue function. (The format of this equation must be TR=100Q ) (b) Find the equation for the cost function. (The format of this equation must be TC=1000+50Q ) (c) Compute the contribution margin. (d) Compute the contribution rate. (As a percentage correct to 2 decimal places.) (e) Compute the break-even point in units. (f) Compute the break-even point in sales dollars. (g) Compute the break-even point as a percent of capacity. (As a percentage correct to 2 decimal places.)
