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The company "Refrigeration" is looking to price its product, which is high quality mini refrigerators for hotel and office rooms. The fixed cost is $40,000 and the variable cost per unit is $50. If the sales volume is estimated at 8000 units, what is the total cost? Note: we suppose that the volume of sales = the volume of production a. 40.050 b. 48.000 c. 400.000 d. 440.000

The company "Refrigeration" is looking to price its product, which is high quality mini refrigerators for hotel and office rooms. The fixed cost is $40,000 and the variable cost per unit is $50. If the sales volume is estimated at 8000 units, what is the total cost? Note: we suppose that the volume of sales = the volume of production a. 40.050 b. 48.000 c. 400.000 d. 440.000

FINANCIAL ACCOUNTING
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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The company "Refrigeration" is looking to price its product, which is high quality mini refrigerators for hotel and office rooms. The fixed cost is $40,000 and the variable cost per unit is $50. If the sales volume is estimated at 8000 units, what is the total cost? Note: we suppose that the volume of sales = the volume of production a. 40.050 b. 48.000 c. 400.000 d. 440.000
Transcribed Image Text:The company "Refrigeration" is looking to price its product, which is high quality mini refrigerators for hotel and office rooms. The fixed cost is $40,000 and the variable cost per unit is $50. If the sales volume is estimated at 8000 units, what is the total cost? Note: we suppose that the volume of sales = the volume of production a. 40.050 b. 48.000 c. 400.000 d. 440.000
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