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.A company which produces novelty items incurs the monthly costs in producing a particular novelty item. Fixed cost = 10,000 , variable cost = 8
.A company which produces novelty items incurs the monthly costs in producing a particular novelty item.
Fixed cost = 10,000 ,
variable cost = 8 per item
If the company produces 400 units and sold them at23 per unit( assume all the units are sold), how muchIs the:
a.Total cost?
b.Total revenue?
c.Total profit?
d.At what volume will it break-even?
e.Profit at a volume of 700 units?
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