Solved

Use the Table Below to Answer the Following Questions) -Calculate the Revenue for Units Sold

Question 11

Multiple Choice

Use the table below to answer the following questions) .
Below is the profit model spreadsheet for the Lazarus Shoe Company producing their latest model of shoes for the month of January.  Profit Model for Lazarus  Shoe Company for  Tanuary  All cost in $ )   Unit Price 47 Unit Cost 22 Fixed Cost for Production 350,000 Demand 40,000 Model  Unit Price 47 Quantity Sold 38,000 Revenue  Unit Cost 22 Quantity Produced 38,000 Variable Cost  Fixed Cost 350,000 Profit \begin{array}{|l|l|}\hline \begin{array}{l}\text { Profit Model for Lazarus } \\\text { Shoe Company for } \\\text { Tanuary }\end{array} & \text { All cost in } \$ \text { ) } \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Unit Cost } & 22 \\\hline \text { Fixed Cost for Production } & 350,000 \\\hline \text { Demand } & 40,000 \\\hline & \\\hline \text { Model } & \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Quantity Sold } & 38,000 \\\hline \text { Revenue } & \\\hline & \\\hline \text { Unit Cost } & 22 \\\hline \text { Quantity Produced } & 38,000 \\\hline \text { Variable Cost } & \\\hline \text { Fixed Cost } & 350,000 \\\hline & \\\hline \text { Profit } &\\\hline\end{array}
-Calculate the revenue for units sold.


A) $836,000
B) $1,136,000
C) $600,000
D) $1,786,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents