CFA Level 1 Exam
Question No. 1
Texas Products Inc. has a division, which makes burlap bags for the citrus industry. The unit has fixed costs of $10,000 per month, and it expects to sell 42,000 bags per month. If the variable cost per bag is $2.00, what price must the division charge in order to break even?
Choose the correct option from the given list.
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