**Product Cost Analysis and Profit Calculation**Jerry Maguire is producing two products, Abra and Cadabra, at his plant in Smallville. Below is the cost data for these products:| | Abra | Cadabra ||-------------|------|---------|| Selling Price | $60 | $30 || Variable Cost | $30 | $25 |**Fixed Cost per Quarter:** $30,000**Production Details:**- Abra: 4,500 units- Cadabra: 1,500 units**Question:**What is the profit made last quarter?**Options:**- $128,000- $230,000- $142,500- $132,000

Total cost of 4,500 units of abra and 1,500 units of cadabra = fixed cost + variable cost =…

Jerry Maguire is making two products Abra and Cadabra in its plant location in Smallville. The cost data for the products are listed below Selling Price Variable Cost O $128,000 O $230,000 O $142,500 Abra $60 $30 FIXED Cost / Quarter $30,000 The company made 4,500 units of Abra and 1,500 units of Cadabra respectively last quarter, what is the profit made? O $132,000 Cadabra $30 $25

Jerry Maguire is making two products Abra and Cadabra in its plant location in Smallville. The cost data for the products are listed below Selling Price Variable Cost O $128,000 O $230,000 O $142,500 Abra $60 $30 FIXED Cost / Quarter $30,000 The company made 4,500 units of Abra and 1,500 units of Cadabra respectively last quarter, what is the profit made? O $132,000 Cadabra $30 $25

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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