The costs and sales prices per unit for three products are given below; Basic Medium Luxury Sales value 150 300 600 Direct material 30 100 150 Direct labour 50 20 100 Other variable 20 130 120 costs Fixed costs 20 30 40 Labour is in short supply. Which Product should be made first to achieve highest profit? O Luxury
The costs and sales prices per unit for three products are given below; Basic Medium Luxury Sales value 150 300 600 Direct material 30 100 150 Direct labour 50 20 100 Other variable 20 130 120 costs Fixed costs 20 30 40 Labour is in short supply. Which Product should be made first to achieve highest profit? O Luxury
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Fixed costs
20
30
40
Labour is in short supply.
Which Product should be made first to achieve highest profit?
O Luxury
Medium
O Anyone is fine
Basic

Transcribed Image Text:The costs and sales prices per unit for three products are given below;
Basic
Medium
Luxury
Sales value
150
300
600
Direct material
30
100
150
Direct labour
Other variable
50
20
100
20
130
120
costs
Fixed costs
20
30
40
Labour is in short supply.
Which Product should be made first to achieve highest profit?
O Luxury
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