Break-Even Price: Miller Manufacturing, Inc. produces elect
Not what you're looking for?
Miller Manufacturing, Inc. produces electronic components for television circuitry. Variable costs comprise 67% of a product's selling price. The variable costs of producing a component include the following:
Direct material $ 1.83/unit
Direct labor $ 6.72/unit
Variable factory overhead $ 0.86/unit
Vicki Miller, President, expects to produce 80,000 electronic components and incur $280,000 of fixed costs.
What is Miller Manufacturing's break-even price?
Purchase this Solution
Solution Summary
Your tutorial is in Excel (click in cells to see computations) attached. Some commentary gives you the process.
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
Recent Feedback
- "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
- "Thank, this is more clear to me now."
- "Awesome job! "
- "ty"
- "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Six Sigma for Process Improvement
A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.