Question

30

In a fashion design company, the operations manager aims to calculate break even point. The analysis shows that total expected fixed cost is $300,000, estimated selling price is $25 per unit. The forecasting shows that they are likely to sell 50,000 units in a year. Calculate the lowest variable cost in this scenario?

		$19
		$200
		$375
		$20
		$30

29.

Which of the following best describes the phase in which the project team identifies the activities, activity duration times, and project completion time in a project’s life cycle?

		conception
		feasibility analysis or study
		planning
		execution
		terminatio

Answer 1

30)

Here, correct answer is 19

Explanation:

Fixed price/(Selling price per unit-Variable price per unit)=50000

300000/(25-X)=50000

Or, 300000=(50000*25)-(50000*X)

Or, (50000*25)-300000=(50000*X)

Or, X=950000/50000

Or, X=19

Lowest variable cost=$19

29)

Here, correct answer is planning

Explanation:

During planning process group, project team will identify necessary activities or tasks as required for the project, activity duration time and project completion time. Hence, correct answer is Planning. Other options are irrelevant and other options are eliminated.