A manufacturing company produces a product that has a variable cost of $30 per unit and a
Fantastic news! We've Found the answer you've been seeking!
Question:
A manufacturing company produces a product that has a variable cost of $30 per unit and a fixed cost of $20,000 per month. The company sells the product for $60 per unit. In a given month, the company sold 2,000 units. What is the company's total cost and profit for the month? Show all calculations and round your final answer to the nearest dollar.
Related Book For
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo
Posted Date: