Calculate the profit per bag for the bags sold at 2$ each Salesprice$200 800,000 bags$3.00 500,000 bagsA. $1.40EstimatedSalesC. $1.10Fixed cost$400,000$400,000Fixed costper unit$0.50$0.40$0.50 $0.40Variablecosthe table shows the estimated sales for two differentprices of bags of chips. Calculate the profit per bagfor the bags sold at $2 each.B. $1.30D. $2.10Total cost$0.90$0.90

Financial accounting refers to a type or branch of accounting which records the financial…

Answered: he table shows the estimated sales for…

he table shows the estimated sales for two different prices of bags of chips. Calculate the profit per bag for the bags sold at $2 each. A. $1.40 C. $1.10 B. $1.30 D. $2.10

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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Question

Calculate the profit per bag for the bags sold at 2$ each

Sales
price
$200 800,000 bags
$3.00 500,000 bags
A. $1.40
Estimated
Sales
C. $1.10
Fixed cost
$400,000
$400,000
Fixed cost
per unit
$0.50
$0.40
$0.50 $0.40
Variable
cost
he table shows the estimated sales for two different
prices of bags of chips. Calculate the profit per bag
for the bags sold at $2 each.
B. $1.30
D. $2.10
Total cost
$0.90
$0.90

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