Question: Given 3 options for a new production process: Process ABC Equipment cost ( $ ) 4 0 , 1 0 0 2 4 , 5

Given 3 options for a new production process:
Process ABC
Equipment cost ($)40,10024,500110,500 Labor & material cost/unit ($)304510
The company believes it can sell each unit of the product for $95.The company has chosen to use process A. After one year of production with process A, the company has produced and sold 1820 units of the product. How much profit has the company made this first year?

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