Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of the materials that go into each kit total $45. It costs $5 in labor to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $4,500 for the monthly salary of its owner. Last month the company sold 150 kits. Forever Quilting's total revenue for the month was
A) $4,300.
B) $6,200.
C) $7,500.
D) $10,500.
E) $18,000.
Correct Answer:
Verified
Q170: Unit variable cost refers to variable cost
Q171: Fixed cost is
A) the sum of the
Q172: The unit variable cost (UVC) equals variable
Q173: Variable cost is
A) the sum of the
Q174: The total expense incurred by a firm
Q176: Which of these would be an example
Q177: Which of these is a typical example
Q178: Products such as disposable diapers usually have
A)
Q179: Which of these is a typical example
Q180: Total cost refers to
A) the sum of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents