Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q.1) The Metal Works Inc. received an order for 500 metal gates. The fixed cost is assumed to be $40000. The selling price is set

image text in transcribed
Q.1) The Metal Works Inc. received an order for 500 metal gates. The fixed cost is assumed to be $40000. The selling price is set at $200 each. The following table shows the list of variable costs. (10 marks) Items Cost Metal sheets 15 Pins and screws 60 paints 35 From the given information above, calculate the following: a) Total Revenue b) Average Revenue c) Total Costs d) Average Total Costs e) Profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Theory Of Moral Sentiments

Authors: Adam Smith, D D Raphael

1st Edition

0865970122, 9780865970120

More Books

Students also viewed these Economics questions

Question

We are interviewing quite a few people, why should we hire you?

Answered: 1 week ago