Question 34

1. Let Q = quantity produced, P = selling price per unit, VC = variable cost per unit, and TFC = total fixed cost. Which of the following equations is correct?

   		Profit = Q (P VC) + TFC
   		a. Profit = Q (P VC) - TFC
   		Profit = Q (P VC TFC)
   		Profit = Q (P VC + TFC)

2.85714 points

Question 35

1. The Hancock Corp. plans to sell its products for $100 each. Its variable cost per unit = $80, and its fixed costs for the year = $100,000. What level of sales will Hancock need to break even?

   		1,000 units
   		5,000 units
   		10,000 units
   		20,000 units