Solved: Annual fixed costs are 24000 if ramble sells 10 units less, Accounting Basics

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Annual fixed costs are 24000 if ramble sells 10 units less

Problem

Rand's tireland makes a product that sells for $66.00 per unit and has $53.00 per unit in variable costs. Annual fixed costs are $24,000. If Ramble sells 10 units less than breakeven, how much loss would the company recognize on its income statement? (As the question asks "hoe much loss" you don't have to put the negative sign. For example, suppose the loss is 100, then write the answer as 100 rather than -100.)

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Accounting Basics: Annual fixed costs are 24000 if ramble sells 10 units less

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