5. A manufacturer produces a pair of socks at a labor cost at Php 4.50 and materials cost of Php. 3.50. The fixed charge
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5. A manufacturer produces a pair of socks at a labor cost at Php 4.50 and materials cost of Php. 3.50. The fixed charge
5. A manufacturer produces a pair of socks at a labor cost at Php 4.50 and materials cost of Php. 3.50. The fixed charges on the business are Php. 1,525 a month and the variable costs are Php. 2.50 a pair. If the socks sell to retailers for Php. 35.00 a pair, how many pairs must be produced and sold each month for the manufacturer to break-even?
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