WebYou will be applying the concepts of cost-volume-profit analysis to this potential venture. 1. Describe your product. What market Select one product that you could make yourself. Examples of possible products could be cookies, birdhouses, jewelry, or custom t-shirts. WebOct 8, 2024 · How does a Birdhouse Business make money? A birdhouse business makes money by selling birdhouses. Sale channels can include your company website, auction sites like eBay, online marketplaces like Etsy, craft fairs, and brick-and-mortar stores.
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WebDetermine how many birdhouses it must sell to generate this amount of profit. (Round up to the next whole number.) Expert Answer 1. Contribution margin income Statement Sales (In units) 1,130 Selling price per Unit $29 a. Sales [1,130 x $29] $32,770 b. WebJul 2, 2024 · How to sell your birdhouses - part 1 Birdhouses are fun to build and more fun to create. I am an artist first and craftsperson second. It is the idea of creating that drives me me to learn... get a job at barstool sports
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WebScenario 13-11 Walter builds birdhouses. He spends $5 on the materials for each birdhouse. He can build one in 30 minutes. He is semi-retired but earns $8 per hour at the local hardware store. He can sell a birdhouse for $20 each. Refer to Scenario 13-11. The explicit cost for one birdhouse is a. $9 b. $5 c. $8 d. $4 WebProfit is maximised at the output level where price is equal to marginal cost. MC=change in Total cost/change in quantity Find the table attached Price will be closest but higher than MC when Q=7 Profit maximising quantity is 7 birdhouses Profit=TR-TC TR=P*Q TR=50*7=$350 TC=135 Profit=350-135 Profit=$215 4. WebAs for what you can earn, many part-time breeders make between $500 and $2,000 per month. A full time breeder can earn more than $50,000 per year. If you choose to … christmas in italy activities for kids