Answered step by step
Verified Expert Solution
Question
1 Approved Answer
choose an answer: choose an answer Rand Corporation sells perfume bottles. Variable costs for this product are 530 per unit, and the sales price per
choose an answer:
choose an answer
Rand Corporation sells perfume bottles. Variable costs for this product are 530 per unit, and the sales price per unit is $50 per unit. Total fixed costs amount to $100,000. How many perfume bottles does Rand need to sell to achieve a desired profit of $50,000? A) 5,000 units B 7,500 units 1,000 units D) 2,000 units Lucy Treasures operates a chain of gift shops. The company pays $5,000 of rent expense per month for each shop. The managers of each shop are paid a salary of $3,000 per month and all other employees are paid on an hourly basis. Relative to the number of shops, the cost of rent is which kind of cost? A Fixed cost B Variable cost C Mixed cost D Opportunity costStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started