Mary Ann is the wife of Kevin Lomax (an associate of John Milton) and earns...
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Mary Ann is the wife of Kevin Lomax (an associate of John Milton) and earns a little extra money by making bee inspired accessories. She sells them on Saturday mornings in Central Park to joggers and other passerbys. Sara charges $5 per accessory (unit) and has unit variable costs (beads, wire rings, etc.) of $2. Her fixed costs consist of small pliers, a glue gun, etc., which cost her $90.
a. Calculate Mary Anns break-even units
b. Prepare a profit-volume graph for Mary Ann
c. Prepare a cost-volume-profit graph for Mary Ann
PLEASE SHOW ALL WORK/CALCULATIONS & EXPLAIN HOW YOU CREATED THE GRAPHS IN EXCEL.
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