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1-14 Gina Fox has started her own company, Foxy Shirts, which

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solution


Question

1-14 Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since she has just begun this operation, she rents the equipment from a local printing shop when necessary. The cost of using the equipment is $ 350. The materials used in one shirt cost $ 8, and Gina can sell these for $ 15 each.;(a) If Gina sells 20 shirts, what will her total revenue be? What will her total variable cost be?;(b) How many shirts must Gina sell to break even? What is the total revenue for this?

 

Paper#33250 | Written in 18-Jul-2015

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