What is the expected profit if 1,600 chairs are made?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
Units Produced and Sold
|
|
|
1,000 |
1,500 |
2,000 |
Sales |
|
|
$15,000 |
$22,500 |
$30,000 |
Variable Costs |
|
|
(6,000) |
(9,000) |
(12,000) |
Fixed Costs |
|
|
(4,000) |
(4,000) |
(4,000) |
Profit |
|
|
$ 5,000 |
$ 9,500 |
$ 14,000 |
What is the expected profit if 1,600 chairs are made?
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