Profit equals:stionO (PxQ-Vx Q) - fixed expenses.O (PxQ-V x Q) + fixed expenses.O (P-V-fixed expenses) x Q.O (P x Q + V x Q) - fixed expenses

PROFIT=[P X Q - V X Q]- FIXED EXPENSES

Answered: Profit equals: O (P x Q-V x Q) - fixed…

Business

Accounting

Profit equals: O (P x Q-V x Q) - fixed expenses.

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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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

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Profit equals:
stion
O (PxQ-Vx Q) - fixed expenses.
O (PxQ-V x Q) + fixed expenses.
O (P-V-fixed expenses) x Q.
O (P x Q + V x Q) - fixed expenses

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