Orio produced 5400 biscuits in the previous month and incurred a fixed MOH of $13 per unit. Next month, he plans to produce and sell 5500 biscuits at a price of $29. He estimates the variable cost to be 10% of the price. How much profit will he earn next month?   Calculate.

Answer rating: 100% (QA)

To determine the profit we first must find out the total cost which is the sum of fixed and variable ... View the full answer