Units Produced and Sold 1,000 1,500 2,000Sales $15,000$22,500$30,000Variable Costs (6,000)(9,000)(12,000)Fixed Costs (4,000) (4,000) (4,000)Profit $ 5,000$ 9,500$ 14,000What is the expected profit if 1,600 chairs are made?

Given data: Sales price = 15000/1000 = $15 per unitVC = 6000/1000 = $6 per unitFixed Costs = $4000

Answered: What is the expected profit if 1,600…

Business

Operations Management

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...

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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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