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
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.
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
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