A manufacturer of 24-hr variable timers, has a monthly fixed cost of $56,000 and a production cost of $9 for each timer manufactured. The units sell for $16 each. Find the break-even point algebraically.
a. break-even production 16,000 units; break-even revenue $1,280,000
b. break-even production 8,000 units; break-even revenue $1,280,000
c. break-even production 8,000 units; break-even revenue $128,000
d. break-even production 16,000 units; break-even revenue $128,000
thank you