9. A plant can produce 300 ceramic plates per working day. The direct cost for producing each plate is P25, the overhead cost is P150,000 per year and the fixed cost is P450,000 per year. If the plant operates 300 days in a year, by how much should the plates be sold in pesos per dozen to realize a gross profit of 20% over total production cost? A. P420 B. P432 C. P456 D. P445
9. A plant can produce 300 ceramic plates per working day. The direct cost for producing each plate is P25, the overhead cost is P150,000 per year and the fixed cost is P450,000 per year. If the plant operates 300 days in a year, by how much should the plates be sold in pesos per dozen to realize a gross profit of 20% over total production cost? A. P420 B. P432 C. P456 D. P445
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![9. A plant can produce 300 ceramic plates per working day. The direct cost for producing each plate is
P25, the overhead cost is P150,000 per year and the fixed cost is P450,000 per year. If the plant
operates 300 days in a year, by how much should the plates be sold in pesos per dozen to realize a
gross profit of 20% over total production cost?
A. P420
B. P432
C. P456
I DO
D. P445](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbf06dfce-943a-443a-85fc-bf79ef7bd7be%2Ffa70773b-837d-4cd3-b8b6-149c11546a11%2Fpmkdwm8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9. A plant can produce 300 ceramic plates per working day. The direct cost for producing each plate is
P25, the overhead cost is P150,000 per year and the fixed cost is P450,000 per year. If the plant
operates 300 days in a year, by how much should the plates be sold in pesos per dozen to realize a
gross profit of 20% over total production cost?
A. P420
B. P432
C. P456
I DO
D. P445
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