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If the selling price of a product is $10, the average total cost is $8, and total sales are 5,000 units, the total profit will be a. $5,000. b. $8,000. c. $10,000. d. $20,000.

If the selling price of a product is $10, the average total cost is $8, and total sales are 5,000 units, the total profit will be a. $5,000. b. $8,000. c. $10,000. d. $20,000.

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 3EA: A product has a sales price of $150 and a per-unit contribution margin of $50. What is the...
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If the selling price of a product is $10, the average total cost is $8, and total sales are 5,000 units, the total profit will be a. $5,000. b. $8,000. c. $10,000. d. $20,000.
Transcribed Image Text:If the selling price of a product is $10, the average total cost is $8, and total sales are 5,000 units, the total profit will be a. $5,000. b. $8,000. c. $10,000. d. $20,000.
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