Answer to Question #261120 in Management for punit

Question

Futuristic was a newly setup firm in 2019. It is in the business of providing artwork. However, being in the business of standard art objects (non-essential items), it did not do well once it was hit by COVID-19. It has a selling price of ₹2,500 per piece and a variable cost of ₹1,000 per piece. It incurs an annual fixed cost of ₹30,00,000.

a. The manager of the business wishes to know-  the number of art pieces they must sell to be at the break-even point  the contribution margin

Answer 1

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