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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
i need the answer quickly
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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education