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A manufacturer produces three products, A, B, and C. The profits for each unit of A, B, and C sold are $1, $2, and $3, respectively. Fixed costs are $19,000 per year, and the costs of producing each unit of A, B, and C are $4, $5, and $7, respectively. Next year, a total of 11,000 units of all three products is to be produced and sold, and a total profit of $21,000 is to be realized. If total cost is to be $77,000, how many units of each of the products should be produced next year? units of product A, Junits of product B, and ☐ units of product C should be produced.

A manufacturer produces three products, A, B, and C. The profits for each unit of A, B, and C sold are $1, $2, and $3, respectively. Fixed costs are $19,000 per year, and the costs of producing each unit of A, B, and C are $4, $5, and $7, respectively. Next year, a total of 11,000 units of all three products is to be produced and sold, and a total profit of $21,000 is to be realized. If total cost is to be $77,000, how many units of each of the products should be produced next year? units of product A, Junits of product B, and ☐ units of product C should be produced.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A manufacturer produces three products, A, B, and C. The profits for each unit of A, B, and C sold are $1, $2, and $3, respectively. Fixed costs are $19,000 per year, and the costs of producing each unit of A, B, and C are $4, $5, and $7, respectively. Next year, a total of 11,000 units of all three products is to be produced and sold, and a total profit of $21,000 is to be realized. If total cost is to be $77,000, how many units of each of the products should be produced next year? units of product A, Junits of product B, and ☐ units of product C should be produced.
Transcribed Image Text:A manufacturer produces three products, A, B, and C. The profits for each unit of A, B, and C sold are $1, $2, and $3, respectively. Fixed costs are $19,000 per year, and the costs of producing each unit of A, B, and C are $4, $5, and $7, respectively. Next year, a total of 11,000 units of all three products is to be produced and sold, and a total profit of $21,000 is to be realized. If total cost is to be $77,000, how many units of each of the products should be produced next year? units of product A, Junits of product B, and ☐ units of product C should be produced.
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