Question
Paints makes and sells paint to home improvement stores. Jackson?'s only plant can produce up to 12 million cans of paint per year. Current annual
Paints makes and sells paint to home improvement stores. Jackson?'s only plant can produce up to 12 million cans of paint per year. Current annual production is 7 million cans. Fixed? manufacturing, selling, and administrative costs total $ 10.5 million per year. The variable cost of making and selling each can of paint is $ 6.50. Stockholders expect a 25?% annual return on the? company's $ 44 million of assets. Read the requirements LOADING.... Requirement 1. What is Jackson?'s current total cost of making and selling 7 million cans of? paint? What is the current cost per can of? paint? Select the formula labels and enter the amounts to calculate Jackson?'s current total cost and current cost per can of paint. ?(Enter currency amounts in? dollars, not in millions. Enter unit values as whole? numbers, not in millions. Round all currency amounts to the nearest whole dollar and round the cost per unit to the nearest? cent, $X.XX.)
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