Your small toy manufacturing facility has the following information:Fixed costs$39,000Material cost per toy $0.888Electricity cost per toy $0.044Labor cost per toy$0.207Management demands that we have $9,000 in profit if we sell 45,000 toys.What must the selling price be to achieve this? (Enter three decimal places)

From the given information, the total cost is calculated as ...wanted to calculate the selling price…

Your small toy Fixed costs $39,000 Material cost per toy $0.888 Electricity cost per toy $0.044 Labor cost per toy $0.207 manufacturing facility has the following information: Management demands that we have $9,000 in profit if we sell 45,000 toys. What must the selling price be to achieve this? (Enter three decimal places)

Your small toy Fixed costs $39,000 Material cost per toy $0.888 Electricity cost per toy $0.044 Labor cost per toy $0.207 manufacturing facility has the following information: Management demands that we have $9,000 in profit if we sell 45,000 toys. What must the selling price be to achieve this? (Enter three decimal places)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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