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
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 6MC: If a company has fixed costs of $6.000 per month and their product that sells for $200 has a...
icon
Related questions
Question

ACCOUNT

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.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning