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Fabria Ltd. makes a unique model of dolls. For producing each doll, Fabria Ltd. incurs a cost of £90. Fabria Ltd. needs to pay a rent of £24,000. Fabria Ltd. would need to sell 400 dolls to have total revenues equal to total costs. Considering this information, which is the selling price for Fabria Ltd.? O a. None of these answers are correct. O b. £90. О с. Е60. O d. £150.

Fabria Ltd. makes a unique model of dolls. For producing each doll, Fabria Ltd. incurs a cost of £90. Fabria Ltd. needs to pay a rent of £24,000. Fabria Ltd. would need to sell 400 dolls to have total revenues equal to total costs. Considering this information, which is the selling price for Fabria Ltd.? O a. None of these answers are correct. O b. £90. О с. Е60. O d. £150.

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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Fabria Ltd. makes a unique model of dolls. For producing each doll, Fabria Ltd. incurs a cost of £90. Fabria Ltd. needs to pay a rent of £24,000. Fabria Ltd. would need to sell 400 dolls to have total revenues equal to total costs. Considering this information, which is the selling price for Fabria Ltd.? O a. None of these answers are correct. O b. £90. О с. £60. O d. £150.
Transcribed Image Text:Fabria Ltd. makes a unique model of dolls. For producing each doll, Fabria Ltd. incurs a cost of £90. Fabria Ltd. needs to pay a rent of £24,000. Fabria Ltd. would need to sell 400 dolls to have total revenues equal to total costs. Considering this information, which is the selling price for Fabria Ltd.? O a. None of these answers are correct. O b. £90. О с. £60. O d. £150.
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